302 3rd WayPalm beachFL33407
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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 at 302 3rd Way, Palm beach, FL, 33407 generates $2,664/mo in rent and, after a $1,463/mo payment, leaves $680/mo in cash flow. Total monthly income is $2,664/mo, and annual cash flow is $8,163/yr on $99,119 invested. Return on cash invested sits at 28.14% in year one, and rental yield is 10.69% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 147.63% and total cumulative return in cash sums $146,326. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,664/mo property income rather than buyer’s personal income.
Townhouse
Built in 1983
0.03 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
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Listed by: Irelys Pattee • KW Reserve Palm Beach
Mls Name: BeachesMLS
Mls ID: #RX-11136535