2718 Northside DriveLake WorthFL33462
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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 Lake Worth at 2718 Northside Drive, Lake Worth, FL, 33462 uses $179,305 cash to close to unlock $10,209/yr annual cash flow and $851/mo monthly cash flow. Total monthly income runs $4,468/mo, and a $2,668/mo payment keeps the spread at $851/mo. Purchase price stands at $545,000, and rental yield measures 9.84% with $4,468/mo rent. Return on cash invested shows 25.75% in year one, and 5% annual appreciation builds toward $150,573 over five years. Five-year ROI reaches 134.74% and total cumulative return in cash records $241,596. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,468/mo property income covering a $2,668/mo payment rather than investor’s personal income.
Single Family
Built in 1976
8,802 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33462, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,778 (100%) |
| Owner Occupied HU | 8,313 (49.5%) |
| Renter Occupied HU | 5,805 (34.6%) |
| Vacant Housing Units | 2,660 (15.9%) |
| Median Home Value | $443,156 |
| Average Home Value | $566,185 |
Housing Distribution
Address Breakdown
Residential
14,984
Single Family
9,612
Multi-Family
5,372
Businesses
806
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Listed by: Candace Killian • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls ID: #RX-11129535