337 E Lake RoadPalm 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
Rental property for sale in Palm Springs at 337 E Lake Road, Palm Springs, FL, 33461 priced at $506,000 pairs $3,302/mo rent with after a $2,477/mo payment. Total monthly income equals $3,302/mo. Return on cash invested is 19.65% in year one, and rental yield stands at 7.83% on a $506,000 basis. Equity gained on principal adds $3,265/yr, and 5% annual appreciation accumulates to $139,798 by year five. Five-year ROI measures 102.04% and total cumulative return in cash reaches $169,868. For financing, Ziffy Mortgage’s DSCR program evaluates $3,302/mo property income against a $2,477/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
8,625 sqft lot
$N/A/sqft
No 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: Ariannys Marino • Antorcha Real Estate Group LLC
Mls Name: BeachesMLS
Mls ID: #RX-11144065