40 Via VeronaPalm Beach GardensFL33418
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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 Palm Beach Gardens at 40 Via Verona, Palm Beach Gardens, FL, 33418 priced at $720,000 converts $6,312/mo rent into $1,534/mo cash flow after a $3,524/mo obligation. Total monthly income equals $6,312/mo, and annual cash flow totals $18,408/yr on $236,880 invested. Return on cash invested prints 27.83% in year one, and rental yield reads 10.52% against a $720,000 entry. Equity gained on principal adds $4,646/yr, while 5% annual appreciation compiles into $198,923 by year five. Five-year ROI reaches 145.87% and total cumulative return in cash sums $345,547. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,312/mo property income covering a $3,524/mo payment, not borrower’s personal income.
Single Family
Built in 1991
3,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: Robert Lawson Snow • Blue Water Real Estate Group
Mls Name: BeachesMLS
Mls ID: #RX-11126569