507 Green Springs PlaceWest Palm BeachFL33409
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
Rental property for sale in West Palm Beach at 507 Green Springs Place, West Palm Beach, FL, 33409 priced at $285,000 pairs $2,651/mo rent with $760/mo cash flow after a $1,395/mo payment. Total monthly income equals $2,651/mo, and annual cash flow comes to $9,115/yr on $94,478 invested. Return on cash invested is 29.56% in year one, and rental yield stands at 11.16% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 155.18% and total cumulative return in cash reaches $146,610. For financing, Ziffy Mortgage’s DSCR program evaluates $2,651/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1986
1,318 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33409, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,274 (100%) |
| Owner Occupied HU | 5,595 (39.2%) |
| Renter Occupied HU | 7,596 (53.2%) |
| Vacant Housing Units | 1,083 ( 7.6%) |
| Median Home Value | $369,591 |
| Average Home Value | $519,718 |
Housing Distribution
Address Breakdown
Residential
12,622
Single Family
7,927
Multi-Family
4,695
Businesses
1,880
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Traci Renee Hart • CPRE Organization Inc
Mls Name: BeachesMLS
Mls ID: #RX-11114820