3940 N Flagler Dr APT 203West Palm BeachFL33407
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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 3940 N Flagler Dr APT 203, West Palm Beach, FL, 33407 generates $7,214/mo in rent and, after a $4,772/mo payment, leaves $744/mo in cash flow. Total monthly income is $7,214/mo, and annual cash flow is $8,926/yr on $320,775 invested. Return on cash invested sits at 22.84% in year one, and rental yield is 8.88% on a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 119.12% and total cumulative return in cash sums $382,119. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,214/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
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Listed by: Alison Newton • Douglas Elliman
Mls Name: Douglas Elliman
Mls Provider:
Mls ID: #RX-11041524