3500 S Ocean Boulevard #401South Palm 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 South Palm Beach at 3500 S Ocean Boulevard #401, South Palm Beach, FL, 33480 listed at $249,900 pairs $1,670/mo rent with a $1,223/mo payment to leave $12/mo cash flow. Total monthly income runs $1,670/mo, and annual cash flow reaches $141/yr on $82,842 cash to close. Return on cash invested measures 20.08% in year one, and rental yield registers 8.02% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 104.34% and total cumulative return in cash totals $86,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,670/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1962
2.13 Acres 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: Lisa A McKeon • Premier Listings
Mls Name: BeachesMLS
Mls ID: #RX-11152061