2840 S Ocean Blvd #5170Palm BeachFL33480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 at 2840 S Ocean Blvd #5170, Palm Beach, FL, 33480 uses $114,368 cash to close to unlock $397/yr annual cash flow and $33/mo monthly cash flow. Total monthly income runs $2,323/mo, and a $1,689/mo payment keeps the spread at $33/mo. Purchase price stands at $345,000, and rental yield measures 8.08% with $2,323/mo rent. Return on cash invested shows 20.26% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 105.33% and total cumulative return in cash records $120,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,323/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Condo
Built in 1968
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Douglas Jeffrey Rill • Century 21 America's Choice
Mls Name: Palm Beach BOR
Mls ID: #25-801