3800 Washington Rd APT 1006West 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
Investment property for sale in West Palm Beach at 3800 Washington Rd APT 1006, West Palm Beach, FL, 33405 listed at $1,895,000 pairs $7,099/mo rent with a $9,275/mo payment. Total monthly income runs $7,099/mo. Return on cash invested measures 9.67% in year one, and rental yield registers 4.5% at a $1,895,000 basis. Equity gained on principal adds $12,228/yr, and annual property appreciation at 5% supports $523,554 by year five. Five-year ROI tracks 48.42% and total cumulative return in cash totals $297,269. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,099/mo property income relative to a $9,275/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
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: Alexis Waller • Brown Harris Stevens of Palm Beach 6598
Mls Name: Palm Beach BOR
Mls ID: #25-736
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.