423 Macy StWest Palm BeachFL33405
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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 West Palm Beach at 423 Macy St, West Palm Beach, FL, 33405 offers $2,872/mo rent that, after a $1,985/mo payment, leaves $181/mo cash flow. Total monthly income is $2,872/mo, and annual cash flow is $2,168/yr on $134,441 cash. Return on cash invested measures 21.52% in year one, and rental yield stands at 8.5% at a $405,554 entry. Equity gained on principal adds $2,617/yr while 5% annual appreciation compounds into $112,047 by year five. Five-year ROI records 112.09% and total cumulative return in cash reaches $150,692. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,872/mo property income versus a $1,985/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1985
5,357 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33405, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,740 (100%) |
| Owner Occupied HU | 4,738 (54.2%) |
| Renter Occupied HU | 3,176 (36.3%) |
| Vacant Housing Units | 826 ( 9.5%) |
| Median Home Value | $538,407 |
| Average Home Value | $743,392 |
Housing Distribution
Address Breakdown
Residential
8,159
Single Family
7,486
Multi-Family
673
Businesses
1,053
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Listed by: N/A • N/A
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