514 Riverside DrivePalm Beach GardensFL33410
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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 Palm Beach Gardens at 514 Riverside Drive, Palm Beach Gardens, FL, 33410 uses $172,725 cash to close to unlock $6,163/yr annual cash flow and $514/mo monthly cash flow. Total monthly income runs $3,998/mo, and a $2,570/mo payment keeps the spread at $514/mo. Purchase price stands at $525,000, and rental yield measures 9.14% with $3,998/mo rent. Return on cash invested shows 23.63% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 123.36% and total cumulative return in cash records $213,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,998/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 1964
6,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33410, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,945 (100%) |
| Owner Occupied HU | 11,740 (65.4%) |
| Renter Occupied HU | 4,521 (25.2%) |
| Vacant Housing Units | 1,684 ( 9.4%) |
| Median Home Value | $562,031 |
| Average Home Value | $758,647 |
Housing Distribution
Address Breakdown
Residential
17,511
Single Family
12,828
Multi-Family
4,683
Businesses
1,683
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Listed by: Geraldine Jessop • Paradise Real Estate Intl
Mls Name: BeachesMLS
Mls ID: #RX-11154098