3605 S Ocean Blvd APT 331South Palm BeachFL33480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 South Palm Beach at 3605 S Ocean Blvd APT 331, South Palm Beach, FL, 33480 generates $6,846/mo in rent and, after a $1,121/mo payment, leaves $5,077/mo in cash flow. Total monthly income is $6,846/mo, and annual cash flow is $60,921/yr on $75,914 invested. Return on cash invested sits at 100.16% in year one, and rental yield is 35.87% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 535.22% and total cumulative return in cash sums $406,301. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,846/mo property income rather than buyer’s personal income.
Condo
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robyn Jill Lawson • Lang Realty Inc.
Mls Name: Palm Beach BOR
Mls ID: #24-1201
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.