421 Driftwood RoadNorth Palm BeachFL33408
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 North Palm Beach at 421 Driftwood Road, North Palm Beach, FL, 33408 with 5% annual appreciation on a $849,000 basis while $7,710/mo rent supports operations. Total monthly income totals $7,710/mo and a $4,155/mo payment preserves $2,076/mo for cash returns. Annual cash flow comes to $24,916/yr on $279,321 deployed, and return on cash invested reaches 28.98% in year one. Equity gained on principal adds $5,478/yr, and five-year appreciation sums $234,563 alongside rental yield of 10.9%. Five-year ROI measures 152.05% and total cumulative return in cash totals $424,700.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,710/mo property income versus a $4,155/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Pavlik • Sutter & Nugent LLC
Mls Name: BeachesMLS
Mls ID: #RX-11122005