424 Chatham UWest Palm BeachFL33417
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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 424 Chatham U, West Palm Beach, FL, 33417 with 5% annual appreciation on a $105,000 basis while $825/mo rent supports operations. Total monthly income totals $825/mo and a $514/mo payment preserves $128/mo for cash returns. Annual cash flow comes to $1,537/yr on $34,808 deployed, and return on cash invested reaches 24.33% in year one. Equity gained on principal adds $678/yr, and five-year appreciation sums $29,010 alongside rental yield of 9.43%. Five-year ROI measures 127.29% and total cumulative return in cash totals $44,306.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $825/mo property income versus a $514/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33417, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Housing Distribution
Address Breakdown
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
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Listed by: Petrina C Penio • Real Estate Center of West Palm Beach
Mls Name: BeachesMLS
Mls ID: #RX-11131036