4710 Spruce AveWest Palm BeachFL33407
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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
Total monthly income runs $2,244/mo, and a $2,349/mo payment. Purchase price stands at $480,000, and rental yield measures 5.61% with $2,244/mo rent. Return on cash invested shows 10.81% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 55.37% and total cumulative return in cash records $88,109. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,244/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Multi Family
Built in 1958
5,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
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Listed by: N/A • N/A
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Mls ID: #N/A