4951 Wedgewood Way #5West Palm BeachFL33417
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4951 Wedgewood Way #5, West Palm Beach, FL, 33417 earns $136/mo cash flow from $932/mo rent with a $587/mo payment. Total monthly income totals $932/mo, and annual cash flow totals $1,632/yr on $39,780 capital. ROI tracks 24.01% on current figures, and rental yield reads 9.32% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 125.39% and total cumulative return in cash sums $49,879. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $932/mo property income instead of your personal income.
Condo
Built in 1969
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Glenn Mangan • Partnership Realty Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11148169