3360 S Ocean Boulevard #3 A IPalm BeachFL33480
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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 Beach at 3360 S Ocean Boulevard #3 A I, Palm Beach, FL, 33480 listed at $949,000 pairs $8,370/mo rent with a $4,645/mo payment to leave $2,072/mo cash flow. Total monthly income runs $8,370/mo, and annual cash flow reaches $24,866/yr on $312,221 cash to close. Return on cash invested measures 28.02% in year one, and rental yield registers 10.58% at a $949,000 basis. Equity gained on principal adds $6,124/yr, and annual property appreciation at 5% supports $262,191 by year five. Five-year ROI tracks 146.93% and total cumulative return in cash totals $458,736. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,370/mo property income relative to a $4,645/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33480, Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,178 (100%) |
| Owner Occupied HU | 5,203 (46.5%) |
| Renter Occupied HU | 952 ( 8.5%) |
| Vacant Housing Units | 5,023 (44.9%) |
| Median Home Value | $1,330,313 |
| Average Home Value | $1,415,885 |
Housing Distribution
Address Breakdown
Residential
9,067
Single Family
2,595
Multi-Family
6,472
Businesses
1,475
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Listed by: Scott Gordon • Douglas Elliman
Mls Name: BeachesMLS
Mls ID: #RX-11144405