5600 N Flagler Drive #2802West 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 #2802, West Palm Beach, FL, 33407 uses $92,787 cash to close to unlock $546/yr annual cash flow and $46/mo monthly cash flow. Total monthly income runs $1,903/mo, and a $1,370/mo payment keeps the spread at $46/mo. Purchase price stands at $279,900, and rental yield measures 8.16% with $1,903/mo rent. Return on cash invested shows 20.5% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 106.62% and total cumulative return in cash records $98,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,903/mo property income covering a $1,370/mo payment rather than investor’s personal income.
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: Marlene Frankel • Waterfront Realty Of The Palm Beaches
Mls Name: BeachesMLS
Mls ID: #RX-11142515