36 Yacht Drive #307North Palm BeachFL33408
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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 North Palm Beach at 36 Yacht Drive #307, North Palm Beach, FL, 33408 generates $4,318/mo in rent and, after a $2,154/mo payment, leaves $1,398/mo in cash flow. Total monthly income is $4,318/mo, and annual cash flow is $16,772/yr on $145,860 invested. Return on cash invested sits at 31.41% in year one, and rental yield is 11.78% on a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 165.09% and total cumulative return in cash sums $240,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,318/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
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Listed by: Babs V Rhyne • Illustrated Properties
Mls Name: BeachesMLS
Mls ID: #RX-11137335