3701 S Flagler Dr APT B401West Palm BeachFL33405
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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
Total monthly income runs $5,160/mo, and a $7,831/mo payment. Purchase price stands at $1,600,000, and rental yield measures 3.87% with $5,160/mo rent. Return on cash invested shows 7.74% in year one, and 5% annual appreciation builds toward $442,051 over five years. Five-year ROI reaches 38.07% and total cumulative return in cash records $197,367. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,160/mo property income covering a $7,831/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33405, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,740 (100%) |
| Owner Occupied HU | 4,738 (54.2%) |
| Renter Occupied HU | 3,176 (36.3%) |
| Vacant Housing Units | 826 ( 9.5%) |
| Median Home Value | $538,407 |
| Average Home Value | $743,392 |
Housing Distribution
Address Breakdown
Residential
8,159
Single Family
7,486
Multi-Family
673
Businesses
1,053
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Listed by: Sabra Kirkpatrick • Brown Harris Stevens of Palm Beach 7232
Mls Name: Palm Beach BOR
Mls ID: #25-101
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.