306 Wellington EWest Palm BeachFL33417
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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 West Palm Beach at 306 Wellington E, West Palm Beach, FL, 33417 priced at $275,900 converts $2,179/mo rent into $348/mo cash flow after a $1,350/mo obligation. Total monthly income equals $2,179/mo, and annual cash flow totals $4,182/yr on $91,461 invested. Return on cash invested prints 24.48% in year one, and rental yield reads 9.48% against a $275,900 entry. Equity gained on principal adds $1,780/yr, while 5% annual appreciation compiles into $76,226 by year five. Five-year ROI reaches 127.96% and total cumulative return in cash sums $117,029. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,179/mo property income covering a $1,350/mo payment, not borrower’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33417, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Housing Distribution
Address Breakdown
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
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Listed by: Jennifer A Espenscheid • Voro LLC
Mls Name: BeachesMLS
Mls ID: #RX-11113949