2947 Ashley Drive W Apt AWest 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 2947 Ashley Drive W Apt A, West Palm Beach, FL, 33415 with 5% annual appreciation on a $124,999 basis while $962/mo rent supports operations. Total monthly income totals $962/mo and a $612/mo payment preserves $132/mo for cash returns. Annual cash flow comes to $1,587/yr on $41,437 deployed, and return on cash invested reaches 23.74% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 9.24%. Five-year ROI measures 124.1% and total cumulative return in cash totals $51,425.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $962/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1968
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: Jorge J Bencosme Mues • Home Partnership Group, LLC
Mls Name: BeachesMLS
Mls ID: #RX-11156627