500 Pacific Grove Drive #8West 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 Pacific Grove Drive #8, West Palm Beach, FL, 33401 uses $174,370 cash to close to unlock $18,179/yr annual cash flow and $1,515/mo monthly cash flow. Total monthly income runs $5,032/mo, and a $2,594/mo payment keeps the spread at $1,515/mo. Purchase price stands at $530,000, and rental yield measures 11.39% with $5,032/mo rent. Return on cash invested shows 30.49% in year one, and 5% annual appreciation builds toward $146,429 over five years. Five-year ROI reaches 160.1% and total cumulative return in cash records $279,175. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,032/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Condo
Built in 2006
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: Hannah Brown • Keller Williams Realty - Welli
Mls Name: BeachesMLS
Mls ID: #RX-11140648