2886 Fernley Drive E #85West Palm BeachFL33415
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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 2886 Fernley Drive E #85, West Palm Beach, FL, 33415 earns $13/mo cash flow from $1,407/mo rent with a $1,028/mo payment. Total monthly income totals $1,407/mo, and annual cash flow totals $159/yr on $69,615 capital. ROI tracks 20.14% on current figures, and rental yield reads 8.04% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 104.71% and total cumulative return in cash sums $72,892. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,407/mo property income instead of your personal income.
Single Family
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33415, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,027 (100%) |
| Owner Occupied HU | 11,193 (55.9%) |
| Renter Occupied HU | 7,425 (37.1%) |
| Vacant Housing Units | 1,409 ( 7.0%) |
| Median Home Value | $295,757 |
| Average Home Value | $389,449 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
11,552
Multi-Family
7,447
Businesses
728
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Listed by: Sandra Harmon • Partnership Realty Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11108476