447 Corte Madera Ln UNIT 3West Palm BeachFL33401
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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 447 Corte Madera Ln UNIT 3, West Palm Beach, FL, 33401 generates $3,092/mo in rent and, after a $1,713/mo payment, leaves $769/mo in cash flow. Total monthly income is $3,092/mo, and annual cash flow is $9,233/yr on $116,025 invested. Return on cash invested sits at 27.87% in year one, and rental yield is 10.6% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 146.11% and total cumulative return in cash sums $169,526. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,092/mo property income rather than buyer’s personal income.
Townhouse
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
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Listed by: Jenny Roman • Lifestyle International Realty
Mls Name: MIAMI
Mls ID: #A11846060