361 Lake Arbor DrivePalm SpringsFL33461
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
Investment property for sale in Palm Springs at 361 Lake Arbor Drive, Palm Springs, FL, 33461 uses $112,379 cash to close to unlock $3,991/yr annual cash flow and $333/mo monthly cash flow. Total monthly income runs $2,878/mo, and a $1,659/mo payment keeps the spread at $333/mo. Purchase price stands at $339,000, and rental yield measures 10.19% with $2,878/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 123.64% and total cumulative return in cash records $138,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,878/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Townhouse
Built in 1978
1,124 sqft lot
$N/A/sqft
$296 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33461, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,231 (100%) |
| Owner Occupied HU | 8,710 (45.3%) |
| Renter Occupied HU | 8,553 (44.5%) |
| Vacant Housing Units | 1,968 (10.2%) |
| Median Home Value | $315,307 |
| Average Home Value | $388,851 |
Housing Distribution
Address Breakdown
Residential
17,166
Single Family
11,584
Multi-Family
5,582
Businesses
1,299
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gabriel Isasi • Southdale Properties Inc.
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11040474
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 2025 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.