3619 Spruce AveWest Palm BeachFL33407
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 West Palm Beach at 3619 Spruce Ave, West Palm Beach, FL, 33407 with 5% annual appreciation on a $729,000 basis while $4,367/mo rent supports operations. 89% in year one. Equity gained on principal adds $4,704/yr, and five-year appreciation sums $201,409 alongside rental yield of 7.19%. Five-year ROI measures 87.51% and total cumulative return in cash totals $209,892. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,367/mo property income versus a $3,568/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa A Mastronardi • Sotheby's International Realty, Inc.
Mls Name: Palm Beach BOR
Mls ID: #24-1596
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.