301 Lake Shore Dr APT 506Lake ParkFL33403
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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 Lake Park at 301 Lake Shore Dr APT 506, Lake Park, FL, 33403 offers a 9.03% rental yield on a $450,000 purchase with $3,388/mo rent. 99% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 70.04% and total cumulative return in cash at $104,478. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,388/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
1 Acres lot
$N/A/sqft
$910 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33403, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,026 (100%) |
| Owner Occupied HU | 2,923 (48.5%) |
| Renter Occupied HU | 2,738 (45.4%) |
| Vacant Housing Units | 365 ( 6.1%) |
| Median Home Value | $415,625 |
| Average Home Value | $486,190 |
Housing Distribution
Address Breakdown
Residential
5,408
Single Family
4,511
Multi-Family
897
Businesses
999
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