3569 Forest Hill Blvd APT 111Palm SpringsFL33406
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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 3569 Forest Hill Blvd APT 111, Palm Springs, FL, 33406 generates $2,316/mo in rent and, after a $1,273/mo payment, leaves $361/mo in cash flow. Total monthly income is $2,316/mo, and annual cash flow is $4,334/yr on $86,190 invested. Return on cash invested sits at 24.94% in year one, and rental yield is 10.69% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 131.6% and total cumulative return in cash sums $113,429. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,316/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$229 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33406, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,033 (100%) |
| Owner Occupied HU | 6,314 (62.9%) |
| Renter Occupied HU | 3,162 (31.5%) |
| Vacant Housing Units | 557 ( 5.6%) |
| Median Home Value | $446,327 |
| Average Home Value | $529,750 |
Housing Distribution
Address Breakdown
Residential
9,641
Single Family
8,121
Multi-Family
1,520
Businesses
764
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Listed by: Viviana Arias • EXP Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11701022
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.