5600 N Flagler Drive #1004West Palm BeachFL33407
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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 5600 N Flagler Drive #1004, West Palm Beach, FL, 33407 listed at $190,000 pairs $1,461/mo rent with a $930/mo payment to leave $200/mo cash flow. Total monthly income runs $1,461/mo, and annual cash flow reaches $2,401/yr on $62,985 cash to close. Return on cash invested measures 23.72% in year one, and rental yield registers 9.23% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 123.95% and total cumulative return in cash totals $78,072. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,461/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
N/A lot
$N/A/sqft
No 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
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Listed by: Lissa R McCoy • Integrity Florida Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11136371