3601 S Ocean Boulevard UNIT 301South 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 UNIT 301, South Palm Beach, FL, 33480 offers a 16.68% rental yield on a $354,980 purchase with $4,933/mo rent. Total monthly income registers $4,933/mo, and a $1,737/mo payment leaves $1,734/mo available for distribution. Annual cash flow reaches $20,808/yr on $117,676 to close, and return on cash invested stands at 37.59% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,074 over five years. Portfolio math shows five-year ROI at 201.41% and total cumulative return in cash at $237,005. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,933/mo property income against a $1,737/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$660 monthly 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: Deborah Gross • Echo Fine Properties
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11008512
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.