340 Bayside RdPalm 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 340 Bayside Rd, Palm Springs, FL, 33461 uses $142,214 cash to close to unlock $10,018/yr annual cash flow and $835/mo monthly cash flow. Total monthly income runs $3,682/mo, and a $2,100/mo payment keeps the spread at $835/mo. Purchase price stands at $429,000, and rental yield measures 10.3% with $3,682/mo rent. Return on cash invested shows 26.95% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 141.19% and total cumulative return in cash records $200,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,682/mo property income covering a $2,100/mo payment rather than investor’s personal income.
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: Joe Cortez • Florida Coastal Realty Group
Mls Name: MIAMI
Mls ID: #A11843020