3205 Myrtlewood Cir EPalm 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 3205 Myrtlewood Cir E, Palm Beach Gardens, FL, 33418 generates $2,611/mo in rent and, after a $1,343/mo payment, leaves $364/mo in cash flow. Total monthly income is $2,611/mo, and annual cash flow is $4,374/yr on $90,930 invested. Return on cash invested sits at 24.72% in year one, and rental yield is 11.42% on a $274,300 entry. Equity gained on principal adds $1,770/yr, while 5% annual appreciation builds toward $75,784 over five years. Five-year ROI reaches 131.28% and total cumulative return in cash sums $119,371. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,611/mo property income rather than buyer’s personal income.
Apartment
Built in 2004
1 Acres lot
$N/A/sqft
$290 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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