279 Springfield DrWest Palm BeachFL33415
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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
Rental property for sale in West Palm Beach at 279 Springfield Dr, West Palm Beach, FL, 33415 generates $6,646/mo in rent and, after a $1,925/mo payment, leaves $4,030/mo in cash flow. Total monthly income is $6,646/mo, and annual cash flow is $48,365/yr on $130,390 invested. Return on cash invested sits at 57% in year one, and rental yield is 20.28% on a $393,333 entry. Equity gained on principal adds $2,538/yr, while 5% annual appreciation builds toward $108,671 over five years. Five-year ROI reaches 302.37% and total cumulative return in cash sums $394,259. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,646/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33415, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,027 (100%) |
| Owner Occupied HU | 11,193 (55.9%) |
| Renter Occupied HU | 7,425 (37.1%) |
| Vacant Housing Units | 1,409 ( 7.0%) |
| Median Home Value | $295,757 |
| Average Home Value | $389,449 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
11,552
Multi-Family
7,447
Businesses
728
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