3589 S Ocean Boulevard #L 29South 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 3589 S Ocean Boulevard #L 29, South Palm Beach, FL, 33480 uses $94,478 cash to close to unlock $1,723/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $2,035/mo, and a $1,395/mo payment keeps the spread at $144/mo. Purchase price stands at $285,000, and rental yield measures 8.57% with $2,035/mo rent. Return on cash invested shows 21.73% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 113.21% and total cumulative return in cash records $106,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,035/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Townhouse
Built in 1974
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: Donald Gorbach • Gorbach Realty
Mls Name: BeachesMLS
Mls ID: #RX-11129741