2860 S Ocean Blvd APT 614Palm 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 614, Palm Beach, FL, 33480 offers a 8.27% rental yield on a $1,225,000 purchase with $8,438/mo rent. Total monthly income registers $8,438/mo, and a $5,996/mo payment leaves $308/mo available for distribution. Annual cash flow reaches $3,702/yr on $396,900 to close, and return on cash invested stands at 21.3% in year one. Equity gained on principal adds $7,905/yr while 5% annual appreciation supports $338,445 over five years. Portfolio math shows five-year ROI at 110.82% and total cumulative return in cash at $439,836. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,438/mo property income against a $5,996/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: #24-1179
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.