2860 S Ocean Blvd APT 315Palm BeachFL33480
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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 at 2860 S Ocean Blvd APT 315, Palm Beach, FL, 33480 earns from $2,831/mo rent with a $2,203/mo payment. Total monthly income totals $2,831/mo. ROI tracks 18.66% on current figures, and rental yield reads 7.55% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 96.74% and total cumulative return in cash sums $144,306. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,831/mo property income instead of your personal income.
Condo
Built in 1971
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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Listed by: Elizabeth Anne Hoadley • Purely Palm Beach Real Estate
Mls Name: Palm Beach BOR
Mls ID: #25-1307