3063 Floweva Street #APalm SpringsFL33406
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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 Palm Springs at 3063 Floweva Street #A, Palm Springs, FL, 33406 listed at $1,300,000 pairs $1,624/mo rent with a $6,363/mo payment. Total monthly income runs $1,624/mo. Return on cash invested measures 0.42% in year one, and rental yield registers 1.5% at a $1,300,000 basis. Equity gained on principal adds $8,389/yr, and annual property appreciation at 5% supports $359,166 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,624/mo property income relative to a $6,363/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1956
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33406, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,033 (100%) |
| Owner Occupied HU | 6,314 (62.9%) |
| Renter Occupied HU | 3,162 (31.5%) |
| Vacant Housing Units | 557 ( 5.6%) |
| Median Home Value | $446,327 |
| Average Home Value | $529,750 |
Housing Distribution
Address Breakdown
Residential
9,641
Single Family
8,121
Multi-Family
1,520
Businesses
764
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Listed by: Michael J Johnston • The Keyes Company
Mls Name: BeachesMLS
Mls ID: #RX-11115439