3658 Alder Dr #C2West 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 3658 Alder Dr #C2, West Palm Beach, FL, 33417 listed at $205,000 pairs $1,387/mo rent with a $1,003/mo payment to leave $27/mo cash flow. Total monthly income runs $1,387/mo, and annual cash flow reaches $324/yr on $67,958 cash to close. Return on cash invested measures 20.39% in year one, and rental yield registers 8.12% at a $205,000 basis. Equity gained on principal adds $1,323/yr, and annual property appreciation at 5% supports $56,638 by year five. Five-year ROI tracks 105.99% and total cumulative return in cash totals $72,030. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,387/mo property income relative to a $1,003/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Frank Mongiello • DJ & Lindsey Real Estate
Mls Name: BeachesMLS
Mls ID: #RX-11152675