4626 Cherry RoadWest 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 4626 Cherry Road, West Palm Beach, FL, 33417 uses $106,080 cash to close to unlock $1,496/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $2,248/mo, and a $1,566/mo payment keeps the spread at $125/mo. Purchase price stands at $320,000, and rental yield measures 8.43% with $2,248/mo rent. Return on cash invested shows 21.32% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 111% and total cumulative return in cash records $117,747. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,248/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Townhouse
Built in 1980
1,525 sqft 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: Juan Carlos Echavez • InvestPro Properties Inc
Mls Name: BeachesMLS
Mls ID: #RX-11091780