302 Fordham DrLake WorthFL33460
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 302 Fordham Dr, Lake Worth, FL, 33460 in Lake Worth worth study. Rental yield 5.91%. The 5.91% gross yield is below cash-flow benchmarks at $1,400,000, but 5% annual appreciation, adding $386,794 over five years, frames this as a capital growth position. Rent of $6,890/mo partially offsets the $6,295/mo payment. Ziffy Mortgage finances appreciation-play properties (1.09 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $379,107.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 6.0% |
| Monthly Cash Flow | $(2,400) | $300 |
City averages based on Lake Worth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,890 |
| Total Monthly Debt Service | $8,734 |
| DSCR Ratio | 0.79x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1926
10,454 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 1926
10,454 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Douglas Elliman
Mls ID: #25-710