300 S Australian Ave UNIT 403West Palm BeachFL33401
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 11.34% yield at 300 S Australian Ave UNIT 403, West Palm Beach, FL, 33401 in West Palm Beach is solid, but the $1,289/mo payment compresses net cash flow to $155/mo at $286,600. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $79,182 by year five, and $2,640/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (2.10) without U.S. income documentation. Total projected return: $122,024.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 7.0% |
| Monthly Cash Flow | $155 | $1,200 |
City averages based on West Palm Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,707 |
| Total Monthly Debt Service | $2,438 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 2007
1 Acres lot
$N/A/sqft
$511 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Apartment
Built in 2007
1 Acres lot
$N/A/sqft
$511 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A