517 Waterside Dr #517Lake WorthFL33462
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 Lake Worth at 517 Waterside Dr #517, Lake Worth, FL, 33462 generates $1,891/mo in rent, after a $1,076/mo payment. Total monthly income is $1,891/mo. Return on cash invested sits at 17.52% in year one, and rental yield is 10.32% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 94.15% and total cumulative return in cash sums $68,632. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,891/mo property income rather than buyer’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
$577 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33462, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,778 (100%) |
| Owner Occupied HU | 8,313 (49.5%) |
| Renter Occupied HU | 5,805 (34.6%) |
| Vacant Housing Units | 2,660 (15.9%) |
| Median Home Value | $443,156 |
| Average Home Value | $566,185 |
Housing Distribution
Address Breakdown
Residential
14,984
Single Family
9,612
Multi-Family
5,372
Businesses
806
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alexandra DuPont • Dupont International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11708081
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.