555 Purdy Lane #203Palm SpringsFL33461
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
Investment property for sale in Palm Springs at 555 Purdy Lane #203, Palm Springs, FL, 33461 offers a 9.45% rental yield on a $170,000 purchase with $1,339/mo rent. Total monthly income registers $1,339/mo, and a $832/mo payment leaves $211/mo available for distribution. Annual cash flow reaches $2,531/yr on $56,355 to close, and return on cash invested stands at 24.4% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 127.52% and total cumulative return in cash at $71,865. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,339/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33461, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,231 (100%) |
| Owner Occupied HU | 8,710 (45.3%) |
| Renter Occupied HU | 8,553 (44.5%) |
| Vacant Housing Units | 1,968 (10.2%) |
| Median Home Value | $315,307 |
| Average Home Value | $388,851 |
Housing Distribution
Address Breakdown
Residential
17,166
Single Family
11,584
Multi-Family
5,582
Businesses
1,299
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelley B McDougall • Illustrated Properties LLC
Mls Name: BeachesMLS
Mls ID: #RX-11116454