3506 Joshua Tree StPalm 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 3506 Joshua Tree St, Palm Springs, FL, 33461 generates $2,640/mo in rent, after a $2,075/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 18.43% in year one, and rental yield is 7.47% on a $423,895 entry. Equity gained on principal adds $2,735/yr, while 5% annual appreciation builds toward $117,114 over five years. Five-year ROI reaches 95.49% and total cumulative return in cash sums $134,178. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Townhouse
Built in 2022
N/A 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: Alberto Zapata • LPT Realty, LLC
Mls Name: MIAMI
Mls ID: #A11856958