5616 56th WayWest Palm BeachFL33409
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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 5616 56th Way, West Palm Beach, FL, 33409 uses $111,517 cash to close to unlock $6,913/yr annual cash flow and $576/mo monthly cash flow. Total monthly income runs $2,809/mo, and a $1,647/mo payment keeps the spread at $576/mo. Purchase price stands at $336,400, and rental yield measures 10.02% with $2,809/mo rent. Return on cash invested shows 26.11% in year one, and 5% annual appreciation builds toward $92,941 over five years. Five-year ROI reaches 136.7% and total cumulative return in cash records $152,440. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,809/mo property income covering a $1,647/mo payment rather than investor’s personal income.
Townhouse
Built in 1984
1,346 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33409, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,274 (100%) |
| Owner Occupied HU | 5,595 (39.2%) |
| Renter Occupied HU | 7,596 (53.2%) |
| Vacant Housing Units | 1,083 ( 7.6%) |
| Median Home Value | $369,591 |
| Average Home Value | $519,718 |
Housing Distribution
Address Breakdown
Residential
12,622
Single Family
7,927
Multi-Family
4,695
Businesses
1,880
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Listed by: Delia Margarita Spadaro Gonzalez • Re/Max Rex
Mls Name: BeachesMLS
Mls ID: #RX-11144365