312 3rd TerracePalm Beach GardensFL33418
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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 Gardens at 312 3rd Terrace, Palm Beach Gardens, FL, 33418 priced at $470,900 converts $3,786/mo rent into $174/mo cash flow after a $2,305/mo obligation. Total monthly income equals $3,786/mo, and annual cash flow totals $2,086/yr on $156,103 invested. Return on cash invested prints 21.25% in year one, and rental yield reads 9.65% against a $470,900 entry. Equity gained on principal adds $3,039/yr, while 5% annual appreciation compiles into $130,101 by year five. Five-year ROI reaches 111.96% and total cumulative return in cash sums $174,772. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,786/mo property income covering a $2,305/mo payment, not borrower’s personal income.
Townhouse
Built in 1980
1,464 sqft lot
$N/A/sqft
$487 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: Bryan McCool • David Marshall & Associates
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11025525
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.