505 5th WayWest Palm BeachFL33407
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 505 5th Way, West Palm Beach, FL, 33407 uses $95,804 cash to close to unlock $9,296/yr annual cash flow and $775/mo monthly cash flow. Total monthly income runs $2,693/mo, and a $1,415/mo payment keeps the spread at $775/mo. Purchase price stands at $289,000, and rental yield measures 11.18% with $2,693/mo rent. Return on cash invested shows 29.61% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 155.47% and total cumulative return in cash records $148,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,693/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Townhouse
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nader M Goubran • United Properties of SE FL
Mls Name: BeachesMLS
Mls ID: #RX-11123404