313 Lake Circle #111North Palm BeachFL33408
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.84% gross rental yield, 313 Lake Circle #111, North Palm Beach, FL, 33408 in North Palm Beach is priced for capital growth, not immediate cash flow. The $599,999 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $165,769 by year five, with $5,526/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.08) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $160,340.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 5.0% |
| Monthly Cash Flow | $(1,919) | $1,500 |
City averages based on North Palm Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,920 |
| Total Monthly Debt Service | $3,743 |
| DSCR Ratio | 0.78x |
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.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
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
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew Seifter • Echo Fine Properties
Mls Name: BeachesMLS
Mls ID: #RX-11159171