403 S Sapodilla Ave APT 104West Palm BeachFL33401
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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 403 S Sapodilla Ave APT 104, West Palm Beach, FL, 33401 offers a 8.97% rental yield on a $569,000 purchase with $4,255/mo rent. Total monthly income registers $4,255/mo, and a $2,785/mo payment leaves $479/mo available for distribution. Annual cash flow reaches $5,748/yr on $187,201 to close, and return on cash invested stands at 23.13% in year one. Equity gained on principal adds $3,672/yr while 5% annual appreciation supports $157,204 over five years. Portfolio math shows five-year ROI at 120.67% and total cumulative return in cash at $225,899. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,255/mo property income against a $2,785/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
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Listed by: Lina Abi Hanna De El Bonney • MY REALTY GROUP, LLC.
Mls Name: Stellar MLS
Mls ID: #O6341812