3580 S Ocean Boulevard #8-BSouth 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 3580 S Ocean Boulevard #8-B, South Palm Beach, FL, 33480 offers a 11.23% rental yield on a $450,000 purchase with $4,210/mo rent. Total monthly income registers $4,210/mo, and a $2,203/mo payment leaves $1,223/mo available for distribution. Annual cash flow reaches $14,679/yr on $149,175 to close, and return on cash invested stands at 29.75% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 156.22% and total cumulative return in cash at $233,034. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,210/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A 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: James Warner Wrona • Posh Properties
Mls Name: BeachesMLS
Mls ID: #RX-11151778