5600 N Flagler Dr APT 2006West Palm BeachFL33407
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow5600 N Flagler Dr APT 2006, West Palm Beach, FL, 33407 in West Palm Beach is a solid income-producing rental, 15.21% gross yield, $2,693/mo rent, $374/mo net cash flow on a $212,400 buy. DSCR 2.82 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $58,682 and $1,956/yr in principal reduction project a total cumulative return of $108,999.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.2% | 7.0% |
| Monthly Cash Flow | $374 | $1,200 |
City averages based on West Palm Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,693 |
| Total Monthly Debt Service | $2,234 |
| DSCR Ratio | 1.21x |
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.
Apartment
Built in 1978
N/A lot
$N/A/sqft
$762 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
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
Apartment
Built in 1978
N/A lot
$N/A/sqft
$762 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A