294 Springfield DrWest 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
Rental property for sale in West Palm Beach at 294 Springfield Dr, West Palm Beach, FL, 33415 priced at $299,950 pairs $3,749/mo rent with $1,552/mo cash flow after a $1,468/mo payment. Total monthly income equals $3,749/mo, and annual cash flow comes to $18,622/yr on $99,433 invested. Return on cash invested is 38.64% in year one, and rental yield stands at 15% on a $299,950 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,871 by year five. Five-year ROI measures 204.76% and total cumulative return in cash reaches $203,600. For financing, Ziffy Mortgage’s DSCR program evaluates $3,749/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
6,316 sqft 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: N/A • N/A
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