5654 Ithaca Circle ELake WorthFL33463
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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 Lake Worth at 5654 Ithaca Circle E, Lake Worth, FL, 33463 listed at $500,000 pairs $3,580/mo rent with a $2,447/mo payment to leave $70/mo cash flow. Total monthly income runs $3,580/mo, and annual cash flow reaches $836/yr on $165,750 cash to close. Return on cash invested measures 20.41% in year one, and rental yield registers 8.59% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 106.63% and total cumulative return in cash totals $176,744. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,580/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
4,670 sqft lot
$N/A/sqft
$30 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33463, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,692 (100%) |
| Owner Occupied HU | 15,571 (68.6%) |
| Renter Occupied HU | 5,701 (25.1%) |
| Vacant Housing Units | 1,420 ( 6.3%) |
| Median Home Value | $424,162 |
| Average Home Value | $447,452 |
Housing Distribution
Address Breakdown
Residential
22,140
Single Family
16,846
Multi-Family
5,294
Businesses
831
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listed for sale | $500,000 |
| 2024-06-13 | Listing removed | N/A |
| 2024-05-29 | Price change | $500,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $6400.00 | 7.24% | $351,459 | 10.00% |
| 2022-02-14 | $5968.00 | 37.67% | $319,508 | 23.61% |
| 2021-02-14 | $4335.00 | 237.58% | $258,481 | 210.23% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1991
- Architectural Style: N/A
- Building Area: 1,671
- Living Area: 1,429 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric
- Flooring: Tile
- Interior Features: Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: 2+ Spaces, Driveway, Converted Garage
Location
- City: Lake Worth
- State: FL
- Subdivision: Lantana Homes
- Lot Size: 4,670 sqft
- Lot Features: < 1/4 Acre
- View: Other
HOA & Fees
- HOA Fee: $30 monthly
- Association Fee: $30 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Connected, Electricity Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Elizabeth Folmar • Waterfront Properties & Club C
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10987702
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.