544 Evergreen DrLake ParkFL33403
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 Park at 544 Evergreen Dr, Lake Park, FL, 33403 offers $3,860/mo rent that, after a $1,974/mo payment. Total monthly income is $3,860/mo. Return on cash invested measures 10.56% in year one, and rental yield stands at 11.49% at a $403,300 entry. Equity gained on principal adds $2,602/yr while 5% annual appreciation compounds into $111,424 by year five. Five-year ROI records 60.55% and total cumulative return in cash reaches $80,948. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,860/mo property income versus a $1,974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.32 Acres lot
$N/A/sqft
$2,174 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33403, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,026 (100%) |
| Owner Occupied HU | 2,923 (48.5%) |
| Renter Occupied HU | 2,738 (45.4%) |
| Vacant Housing Units | 365 ( 6.1%) |
| Median Home Value | $415,625 |
| Average Home Value | $486,190 |
Housing Distribution
Address Breakdown
Residential
5,408
Single Family
4,511
Multi-Family
897
Businesses
999
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices