287 Camden 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 Camden L #287, West Palm Beach, FL, 33417 offers a 9.09% rental yield on a $123,000 purchase with $932/mo rent. Total monthly income registers $932/mo, and a $602/mo payment leaves $116/mo available for distribution. Annual cash flow reaches $1,389/yr on $40,775 to close, and return on cash invested stands at 23.32% in year one. Equity gained on principal adds $794/yr while 5% annual appreciation supports $33,983 over five years. Portfolio math shows five-year ROI at 121.7% and total cumulative return in cash at $49,621. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $932/mo property income against a $602/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
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: Gracie Lagoudakis • Real Estate Center of West Palm Beach
Mls Name: BeachesMLS
Mls ID: #RX-11132221