3800 Washington Rd APT 610West 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
Rental property for sale in West Palm Beach at 3800 Washington Rd APT 610, West Palm Beach, FL, 33405 generates $6,175/mo in rent and, after a $3,646/mo payment, leaves $1,231/mo in cash flow. Total monthly income is $6,175/mo, and annual cash flow is $14,778/yr on $245,105 invested. Return on cash invested sits at 26.09% in year one, and rental yield is 9.95% on a $745,000 entry. Equity gained on principal adds $4,807/yr, while 5% annual appreciation builds toward $205,830 over five years. Five-year ROI reaches 136.54% and total cumulative return in cash sums $334,676. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,175/mo property income rather than buyer’s personal income.
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: Heidi W Wicky • Sotheby's International Realty, Inc.
Mls Name: Palm Beach BOR
Mls ID: #25-1354