2807 Veronia Drive #107Palm Beach GardensFL33410
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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 Palm Beach Gardens at 2807 Veronia Drive #107, Palm Beach Gardens, FL, 33410 uses $132,600 cash to close to unlock $3,496/yr annual cash flow and $291/mo monthly cash flow. Total monthly income runs $2,946/mo, and a $1,958/mo payment keeps the spread at $291/mo. Purchase price stands at $400,000, and rental yield measures 8.84% with $2,946/mo rent. Return on cash invested shows 22.55% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 117.59% and total cumulative return in cash records $155,920. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,946/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33410, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,945 (100%) |
| Owner Occupied HU | 11,740 (65.4%) |
| Renter Occupied HU | 4,521 (25.2%) |
| Vacant Housing Units | 1,684 ( 9.4%) |
| Median Home Value | $562,031 |
| Average Home Value | $758,647 |
Housing Distribution
Address Breakdown
Residential
17,511
Single Family
12,828
Multi-Family
4,683
Businesses
1,683
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Listed by: Stacie Ahee • Compass Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11126378