500 Executive Center Dr APT 4EWest 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
Investment property for sale in West Palm Beach at 500 Executive Center Dr APT 4E, West Palm Beach, FL, 33401 listed at $189,000 pairs $1,451/mo rent with a $925/mo payment to leave $197/mo cash flow. Total monthly income runs $1,451/mo, and annual cash flow reaches $2,362/yr on $62,654 cash to close. Return on cash invested measures 23.68% in year one, and rental yield registers 9.21% at a $189,000 basis. Equity gained on principal adds $1,220/yr, and annual property appreciation at 5% supports $52,217 by year five. Five-year ROI tracks 123.65% and total cumulative return in cash totals $77,470. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,451/mo property income relative to a $925/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
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: Maria Marianeschi • Binter Real Estate
Mls Name: MIAMI
Mls ID: #A11898008