2824 Waters Edge CirGreenacresFL33413
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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 Greenacres at 2824 Waters Edge Cir, Greenacres, FL, 33413 generates $3,826/mo in rent and, after a $2,425/mo payment, leaves $538/mo in cash flow. Total monthly income is $3,826/mo, and annual cash flow is $6,456/yr on $164,258 invested. Return on cash invested sits at 23.84% in year one, and rental yield is 9.27% on a $495,500 entry. Equity gained on principal adds $3,197/yr, while 5% annual appreciation builds toward $136,898 over five years. Five-year ROI reaches 124.49% and total cumulative return in cash sums $204,491. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,826/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
6,189 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33413, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,884 (100%) |
| Owner Occupied HU | 4,005 (58.2%) |
| Renter Occupied HU | 2,561 (37.2%) |
| Vacant Housing Units | 318 ( 4.6%) |
| Median Home Value | $464,235 |
| Average Home Value | $583,542 |
Housing Distribution
Address Breakdown
Residential
6,101
Single Family
4,884
Multi-Family
1,217
Businesses
276
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Listed by: Debbie Edmond • Canvas Real Estate
Mls Name: BeachesMLS
Mls ID: #F10545520