511 Lucerne Ave UNIT 616Lake WorthFL33460
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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
Total monthly income runs $2,263/mo, and a $1,395/mo payment. Purchase price stands at $285,000, and rental yield measures 9.53% with $2,263/mo rent. Return on cash invested shows 16.57% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 88.49% and total cumulative return in cash records $83,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,263/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$465 monthly HOA
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Listed by: Felix Santiago • Chane Realty, Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10471747
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.