2860 S Ocean Boulevard #604Palm 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 Boulevard #604, Palm Beach, FL, 33480 uses $144,203 cash to close to unlock $13,936/yr annual cash flow and $1,161/mo monthly cash flow. Total monthly income runs $4,048/mo, and a $2,129/mo payment keeps the spread at $1,161/mo. Purchase price stands at $435,000, and rental yield measures 11.17% with $4,048/mo rent. Return on cash invested shows 29.57% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 155.27% and total cumulative return in cash records $223,896. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,048/mo property income covering a $2,129/mo payment rather than investor’s 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: Stacy E Beck • Illustrated Properties LLC
Mls Name: BeachesMLS
Mls ID: #RX-11116160