3601 S Ocean Boulevard #408South 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 3601 S Ocean Boulevard #408, South Palm Beach, FL, 33480 offers a 8.11% rental yield on a $329,500 purchase with $2,227/mo rent. Total monthly income registers $2,227/mo, and a $1,613/mo payment leaves $40/mo available for distribution. Annual cash flow reaches $481/yr on $109,229 to close, and return on cash invested stands at 20.35% in year one. Equity gained on principal adds $2,126/yr while 5% annual appreciation supports $91,035 over five years. Portfolio math shows five-year ROI at 105.84% and total cumulative return in cash at $115,606. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,227/mo property income against a $1,613/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
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: Jaana J Piira • Coastline Realty, Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11157689