3636 Alder Dr APT D3West Palm BeachFL33417
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 3636 Alder Dr APT D3, West Palm Beach, FL, 33417 uses $62,985 cash to close to unlock $2,389/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,460/mo, and a $930/mo payment keeps the spread at $199/mo. Purchase price stands at $189,999, and rental yield measures 9.22% with $1,460/mo rent. Return on cash invested shows 23.7% in year one, and 5% annual appreciation builds toward $52,493 over five years. Five-year ROI reaches 123.84% and total cumulative return in cash records $78,000. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,460/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meir Tenenbaum • Cardinal Realty Group, LLC.
Mls Name: MIAMI
Mls ID: #A11901080