4201 S Ocean Boulevard #K3South Palm BeachFL33480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 South Palm Beach at 4201 S Ocean Boulevard #K3, South Palm Beach, FL, 33480 offers a 8.33% rental yield on a $316,000 purchase with $2,194/mo rent. Total monthly income registers $2,194/mo, and a $1,547/mo payment leaves $97/mo available for distribution. Annual cash flow reaches $1,160/yr on $104,754 to close, and return on cash invested stands at 21.02% in year one. Equity gained on principal adds $2,039/yr while 5% annual appreciation supports $87,305 over five years. Portfolio math shows five-year ROI at 109.38% and total cumulative return in cash at $114,583. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,194/mo property income against a $1,547/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33480, Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,178 (100%) |
| Owner Occupied HU | 5,203 (46.5%) |
| Renter Occupied HU | 952 ( 8.5%) |
| Vacant Housing Units | 5,023 (44.9%) |
| Median Home Value | $1,330,313 |
| Average Home Value | $1,415,885 |
Housing Distribution
Address Breakdown
Residential
9,067
Single Family
2,595
Multi-Family
6,472
Businesses
1,475
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven T Koleno • Beycome of Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11130382