4724 Summit BoulevardWest Palm BeachFL33415
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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 4724 Summit Boulevard, West Palm Beach, FL, 33415 uses $94,477 cash to close to unlock $5,334/yr annual cash flow and $445/mo monthly cash flow. Total monthly income runs $2,861/mo, and a $1,395/mo payment keeps the spread at $445/mo. Purchase price stands at $284,999, and rental yield measures 12.05% with $2,861/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 136.14% and total cumulative return in cash records $128,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,861/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1981
N/A lot
$N/A/sqft
$385 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33415, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,027 (100%) |
| Owner Occupied HU | 11,193 (55.9%) |
| Renter Occupied HU | 7,425 (37.1%) |
| Vacant Housing Units | 1,409 ( 7.0%) |
| Median Home Value | $295,757 |
| Average Home Value | $389,449 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
11,552
Multi-Family
7,447
Businesses
728
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Listed by: Russell Pemberton • Keller Williams Realty - Welli
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11056942
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.