3426 Theo WayWest Palm BeachFL33417
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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 West Palm Beach at 3426 Theo Way, West Palm Beach, FL, 33417 generates $1,971/mo in rent and, after a $1,346/mo payment, leaves $146/mo in cash flow. Total monthly income is $1,971/mo, and annual cash flow is $1,752/yr on $91,163 invested. Return on cash invested sits at 21.83% in year one, and rental yield is 8.6% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 113.78% and total cumulative return in cash sums $103,727. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,971/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
2,696 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33417, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Housing Distribution
Address Breakdown
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
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Listed by: Lisa Cohen Cole • Illustrated Properties LLC (Co
Mls Name: BeachesMLS
Mls ID: #RX-11107444