3546 S Ocean Boulevard #515South Palm BeachFL33480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3546 S Ocean Boulevard #515, South Palm Beach, FL, 33480 listed at $627,000 pairs $3,064/mo rent with a $3,069/mo payment. Total monthly income runs $3,064/mo. Return on cash invested measures 13.68% in year one, and rental yield registers 5.86% at a $627,000 basis. Equity gained on principal adds $4,046/yr, and annual property appreciation at 5% supports $173,229 by year five. Five-year ROI tracks 69.98% and total cumulative return in cash totals $144,353. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,064/mo property income relative to a $3,069/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
90 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anna Cellarova Torres • Palm Beach Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11123214