3624 Alder Dr APT F1West Palm BeachFL33417
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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
Rental property for sale in West Palm Beach at 3624 Alder Dr APT F1, West Palm Beach, FL, 33417 generates $1,588/mo in rent, after a $1,150/mo payment. Total monthly income is $1,588/mo. Return on cash invested sits at 13.22% in year one, and rental yield is 8.11% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 70.15% and total cumulative return in cash sums $54,652. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,588/mo property income rather than buyer’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$5,556 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33417, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Housing Distribution
Address Breakdown
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
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Listed by: Eduardo Arriagada • Century 21 Tenace Realty
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225039380
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.