2699 Summit BoulevardWest Palm BeachFL33406
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in West Palm Beach at 2699 Summit Boulevard, West Palm Beach, FL, 33406 offers a 8.97% rental yield on a $439,000 purchase with $3,280/mo rent. Total monthly income registers $3,280/mo, and a $2,149/mo payment leaves $366/mo available for distribution. Annual cash flow reaches $4,397/yr on $145,529 to close, and return on cash invested stands at 22.93% in year one. Equity gained on principal adds $2,833/yr while 5% annual appreciation supports $121,288 over five years. Portfolio math shows five-year ROI at 119.65% and total cumulative return in cash at $174,128. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,280/mo property income against a $2,149/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33406, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,033 (100%) |
| Owner Occupied HU | 6,314 (62.9%) |
| Renter Occupied HU | 3,162 (31.5%) |
| Vacant Housing Units | 557 ( 5.6%) |
| Median Home Value | $446,327 |
| Average Home Value | $529,750 |
Housing Distribution
Address Breakdown
Residential
9,641
Single Family
8,121
Multi-Family
1,520
Businesses
764
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Listed by: Gabriela Dabiot • LPT Realty, LLC
Mls Name: BeachesMLS
Mls ID: #RX-11133530