293 Balsam StPalm Beach GardensFL33410
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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
Rental property for sale in Palm Beach Gardens at 293 Balsam St, Palm Beach Gardens, FL, 33410 priced at $849,900 converts $6,163/mo rent into $354/mo cash flow after a $4,160/mo obligation. Total monthly income equals $6,163/mo, and annual cash flow totals $4,250/yr on $279,617 invested. Return on cash invested prints 21.58% in year one, and rental yield reads 8.7% against a $849,900 entry. Equity gained on principal adds $5,484/yr, while 5% annual appreciation compiles into $234,812 by year five. Five-year ROI reaches 112.63% and total cumulative return in cash sums $314,942. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,163/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 1965
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33410, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,945 (100%) |
| Owner Occupied HU | 11,740 (65.4%) |
| Renter Occupied HU | 4,521 (25.2%) |
| Vacant Housing Units | 1,684 ( 9.4%) |
| Median Home Value | $562,031 |
| Average Home Value | $758,647 |
Housing Distribution
Address Breakdown
Residential
17,511
Single Family
12,828
Multi-Family
4,683
Businesses
1,683
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Listed by: Kimberly Whetsel • Tina Fanjul Associates, Inc.
Mls Name: Palm Beach BOR
Mls ID: #25-583
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.