405 Ebbtide Drive DriveNorth Palm BeachFL33408
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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 North Palm Beach at 405 Ebbtide Drive Drive, North Palm Beach, FL, 33408 priced at $729,000 converts $6,946/mo rent into $2,108/mo cash flow after a $3,568/mo obligation. Total monthly income equals $6,946/mo, and annual cash flow totals $25,300/yr on $239,841 invested. Return on cash invested prints 30.61% in year one, and rental yield reads 11.43% against a $729,000 entry. Equity gained on principal adds $4,704/yr, while 5% annual appreciation compiles into $201,409 by year five. Five-year ROI reaches 160.79% and total cumulative return in cash sums $385,632. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,946/mo property income covering a $3,568/mo payment, not borrower’s personal income.
Single Family
Built in 1957
8,078 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
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Listed by: James Pavlik • Sutter & Nugent LLC
Mls Name: BeachesMLS
Mls ID: #RX-11147715