515 Green Springs PlaceWest Palm BeachFL33409
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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 515 Green Springs Place, West Palm Beach, FL, 33409 with 5% annual appreciation on a $244,900 basis while $1,761/mo rent supports operations. Total monthly income totals $1,761/mo and a $1,199/mo payment preserves $135/mo for cash returns. Annual cash flow comes to $1,626/yr on $81,184 deployed, and return on cash invested reaches 21.91% in year one. Equity gained on principal adds $1,580/yr, and five-year appreciation sums $67,661 alongside rental yield of 8.63%. Five-year ROI measures 114.19% and total cumulative return in cash totals $92,705.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,761/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1986
N/A 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
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Listed by: Douglas James Jackson • Vylla Home
Mls Name: BeachesMLS
Mls ID: #RX-11126456