5620 Hobart Ave, West Palm Beach, FL, 33405 | $1,066/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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5620 Hobart Ave, West Palm Beach, FL, 33405 | $1,066/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in West Palm Beach at 5620 Hobart Ave, West Palm Beach, FL, 33405 generates $4,782/mo in rent and, after a $2,741/mo payment, leaves $1,066/mo in cash flow. Total monthly income is $4,782/mo, and annual cash flow is $12,788/yr on $184,240 invested. Return on cash invested sits at 27% in year one, and rental yield is 10.25% on a $560,000 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation builds toward $154,718 over five years. Five-year ROI reaches 141.43% and total cumulative return in cash sums $260,573. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,782/mo property income rather than buyer’s personal income.

Single Family

Built in 1953

6,372 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated 3-bed, 2-bath pool home with a bonus room. Features an open-concept layout, a large kitchen island with seating for four, quartz countertops, white shaker soft-close cabinets, stainless steel appliances, and an abundance of natural lighting. Ceramic tile throughout. Enjoy weekends in your private pool and screened-in patio with a built-in 4-Sonos speaker system. Enjoy a conversation with friends under the gazebo. The yard features a 6-foot privacy fence, perfect for entertaining. Accordion hurricane shutters on all windows. Renovations include new plumbing (2019), fence (2020), sprinklers with a well (2020), roof (2022), solar panels (2023), and updated guest bath (2025). Located east of I-95 in non-flood Zone X. Only 3 miles to Downtown WPB/CityPlace, 5 miles to Downtown Lake Worth, 2 miles to the WPB International Airport, and 3 miles to Palm Beach Atlantic University. Location is perfect for any investors who are looking for short-term rentals.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33405, West Palm Beach, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,740 (100%)
Owner Occupied HU	4,738 (54.2%)
Renter Occupied HU	3,176 (36.3%)
Vacant Housing Units	826 ( 9.5%)
Median Home Value	$538,407
Average Home Value	$743,392