3373 Lucerne Park DriveGreenacresFL33467
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
Investment Highlights
Investment property for sale in Greenacres at 3373 Lucerne Park Drive, Greenacres, FL, 33467 offers a 11.15% rental yield on a $265,000 purchase with $2,462/mo rent. Total monthly income registers $2,462/mo, and a $1,297/mo payment leaves $703/mo available for distribution. Annual cash flow reaches $8,442/yr on $87,848 to close, and return on cash invested stands at 29.52% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 154.98% and total cumulative return in cash at $136,143. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,462/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33467, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,072 (100%) |
| Owner Occupied HU | 21,130 (78.1%) |
| Renter Occupied HU | 3,524 (13.0%) |
| Vacant Housing Units | 2,418 ( 8.9%) |
| Median Home Value | $513,106 |
| Average Home Value | $550,949 |
Housing Distribution
Address Breakdown
Residential
25,492
Single Family
19,736
Multi-Family
5,756
Businesses
765
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard L Heers II • Sailfish Group Realty
Mls Name: BeachesMLS
Mls ID: #RX-11105123