500 Ocean Drive #E-2dJuno BeachFL33408
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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 Juno Beach at 500 Ocean Drive #E-2d, Juno Beach, FL, 33408 listed at $1,675,000 pairs $4,997/mo rent with a $8,198/mo payment. Total monthly income runs $4,997/mo. Return on cash invested measures 6.84% in year one, and rental yield registers 3.58% at a $1,675,000 basis. Equity gained on principal adds $10,809/yr, and annual property appreciation at 5% supports $462,772 by year five. Five-year ROI tracks 33.27% and total cumulative return in cash totals $180,534. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,997/mo property income relative to a $8,198/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
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Listed by: Brenda Calcavecchia • Nicklaus Vance
Mls Name: BeachesMLS
Mls ID: #RX-11147549