3200 Springdale Boulevard UNIT 112Palm SpringsFL33461
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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 3200 Springdale Boulevard UNIT 112, Palm Springs, FL, 33461 listed at $148,900 pairs $2,249/mo rent with a $729/mo payment to leave $888/mo cash flow. Total monthly income runs $2,249/mo, and annual cash flow reaches $10,654/yr on $49,360 cash to close. Return on cash invested measures 41.49% in year one, and rental yield registers 18.12% at a $148,900 basis. Equity gained on principal adds $961/yr, and annual property appreciation at 5% supports $41,138 by year five. Five-year ROI tracks 222.49% and total cumulative return in cash totals $109,821. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,249/mo property income relative to a $729/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
N/A lot
$N/A/sqft
$368 monthly 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
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Listed by: Arlet Eugene • New Empire Realty, Inc.
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10994769
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 2024 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.