287 Andover L #287West Palm BeachFL33417
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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 West Palm Beach at 287 Andover L #287, West Palm Beach, FL, 33417 offers a 9.5% rental yield on a $110,000 purchase with $871/mo rent. Total monthly income registers $871/mo, and a $538/mo payment leaves $141/mo available for distribution. Annual cash flow reaches $1,697/yr on $36,465 to close, and return on cash invested stands at 24.56% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 128.44% and total cumulative return in cash at $46,836. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $871/mo property income against a $538/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: 33417, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Housing Distribution
Address Breakdown
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
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Listed by: Sherri Ann Waterman • RE/MAX Prestige Realty/WPB
Mls Name: BeachesMLS
Mls ID: #RX-11126369