550 Okeechobee Blvd APT 1618West Palm BeachFL33401
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow550 Okeechobee Blvd APT 1618, West Palm Beach, FL, 33401 in West Palm Beach is a top-tier cash-flow asset. At $420,000 it produces $3,577/mo in rent and $790/mo in net monthly income, a 10.22% gross rental yield. The DSCR of 1.89 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $9,480. Five-year appreciation adds $116,038, driving a total cumulative return of $210,901.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 7.0% |
| Monthly Cash Flow | $790 | $1,200 |
City averages based on West Palm Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,577 |
| Total Monthly Debt Service | $2,620 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
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
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nelida I Kehle • Illustrated Properties LLC (Co
Mls Name: Illustrated Properties
Mls ID: #R11156393