5167 Elpine WayRiviera BeachFL33418
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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
Rental property for sale in Riviera Beach at 5167 Elpine Way, Riviera Beach, FL, 33418 priced at $525,000 converts $5,290/mo rent into $1,527/mo cash flow after a $2,570/mo obligation. Total monthly income equals $5,290/mo, and annual cash flow totals $18,319/yr on $172,725 invested. Return on cash invested prints 30.67% in year one, and rental yield reads 12.09% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 161.79% and total cumulative return in cash sums $279,453. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,290/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in 1997
5,327 sqft lot
$N/A/sqft
$279 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: Gray Welton • NV Realty Group, LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11043352
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.