5363 Norma Elaine RoadWest Palm BeachFL33417
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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 West Palm Beach at 5363 Norma Elaine Road, West Palm Beach, FL, 33417 generates $2,222/mo in rent and, after a $1,610/mo payment, leaves $39/mo in cash flow. Total monthly income is $2,222/mo, and annual cash flow is $468/yr on $109,064 invested. Return on cash invested sits at 20.34% in year one, and rental yield is 8.1% on a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 105.72% and total cumulative return in cash sums $115,305. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,222/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
7,759 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33417, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Housing Distribution
Address Breakdown
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
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Listed by: Laura Marie Auten • Elevate Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11142799