550 Okeechobee Blvd APT 622West Palm BeachFL33401
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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
Investment property for sale in West Palm Beach at 550 Okeechobee Blvd APT 622, West Palm Beach, FL, 33401 listed at $1,399,000 pairs $5,223/mo rent with a $6,847/mo payment. Total monthly income runs $5,223/mo. Return on cash invested measures 9.62% in year one, and rental yield registers 4.48% at a $1,399,000 basis. Equity gained on principal adds $9,028/yr, and annual property appreciation at 5% supports $386,518 by year five. Five-year ROI tracks 48.17% and total cumulative return in cash totals $218,357. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,223/mo property income relative to a $6,847/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: Cara Coniglio Mcclure • Douglas Elliman
Mls Name: Palm Beach BOR
Mls ID: #25-1022