2778 S Ocean Blvd APT 203Palm BeachFL33480
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2778 S Ocean Blvd APT 203, Palm Beach, FL, 33480 in Palm Beach. Priced at $995,000, it generates $8,986/mo in gross rent and $2,383/mo in net monthly cash flow, a 10.84% yield that comfortably supports the 1.91 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $28,591. Five-year appreciation: $274,900. Equity from principal paydown: $8,341/yr. Total projected cumulative return: $513,894.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 5.0% |
| Monthly Cash Flow | $2,383 | $2,500 |
City averages based on Palm Beach market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $8,986 |
| Total Monthly Debt Service | $6,450 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33480, Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,178 (100%) |
| Owner Occupied HU | 5,203 (46.5%) |
| Renter Occupied HU | 952 ( 8.5%) |
| Vacant Housing Units | 5,023 (44.9%) |
| Median Home Value | $1,330,313 |
| Average Home Value | $1,415,885 |
Housing Distribution
Address Breakdown
Residential
9,067
Single Family
2,595
Multi-Family
6,472
Businesses
1,475
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Palm Beach BOR
Mls ID: #26-646
