3800 Washington Rd APT 808West 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 $4,898/mo, and a $4,136/mo payment. Purchase price stands at $845,000, and rental yield measures 6.96% with $4,898/mo rent. Return on cash invested shows 17% in year one, and 5% annual appreciation builds toward $233,458 over five years. Five-year ROI reaches 87.79% and total cumulative return in cash records $244,068. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,898/mo property income covering a $4,136/mo payment rather than investor’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: Alexis Waller • Brown Harris Stevens of Palm Beach 6598
Mls Name: Palm Beach BOR
Mls ID: #25-64