4308 Myrtlewood Circle EPalm Beach GardensFL33418
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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 Palm Beach Gardens at 4308 Myrtlewood Circle E, Palm Beach Gardens, FL, 33418 uses $112,379 cash to close to unlock $10,975/yr annual cash flow and $915/mo monthly cash flow. Total monthly income runs $3,164/mo, and a $1,659/mo payment keeps the spread at $915/mo. Purchase price stands at $339,000, and rental yield measures 11.2% with $3,164/mo rent. Return on cash invested shows 29.68% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 155.81% and total cumulative return in cash records $175,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,164/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: Zachary T Schmidt • Compass Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11155247