306 Lake Arbor DrPalm SpringsFL33461
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
Investment Highlights
Investment property for sale in Palm Springs at 306 Lake Arbor Dr, Palm Springs, FL, 33461 offers a 13.78% rental yield on a $235,600 purchase with $2,705/mo rent. Total monthly income registers $2,705/mo, and a $1,153/mo payment leaves $1,142/mo available for distribution. Annual cash flow reaches $13,700/yr on $78,101 to close, and return on cash invested stands at 37.45% in year one. Equity gained on principal adds $1,520/yr while 5% annual appreciation supports $65,092 over five years. Portfolio math shows five-year ROI at 197.51% and total cumulative return in cash at $154,261. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,705/mo property income against a $1,153/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1978
1,126 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33461, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,231 (100%) |
| Owner Occupied HU | 8,710 (45.3%) |
| Renter Occupied HU | 8,553 (44.5%) |
| Vacant Housing Units | 1,968 (10.2%) |
| Median Home Value | $315,307 |
| Average Home Value | $388,851 |
Housing Distribution
Address Breakdown
Residential
17,166
Single Family
11,584
Multi-Family
5,582
Businesses
1,299
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