3540 S Ocean Boulevard #609South 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 3540 S Ocean Boulevard #609, South Palm Beach, FL, 33480 uses $49,725 cash to close to unlock $7,428/yr annual cash flow and $619/mo monthly cash flow. Total monthly income runs $2,971/mo, and a $734/mo payment keeps the spread at $619/mo. Purchase price stands at $150,000, and rental yield measures 23.77% with $2,971/mo rent. Return on cash invested shows 34.85% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 195.39% and total cumulative return in cash records $97,158. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,971/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$1,100 monthly 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: Richard Carey • LoKation
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11109554
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.