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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lake Worth at 5666 Lake George Place, Lake Worth, FL, 33463 priced at $549,000 converts $3,833/mo rent into $150/mo cash flow after a $2,687/mo obligation. Total monthly income equals $3,833/mo, and annual cash flow totals $1,798/yr on $180,621 invested. Return on cash invested prints 21.06% in year one, and rental yield reads 8.38% against a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation compiles into $151,679 by year five. Five-year ROI reaches 109.64% and total cumulative return in cash sums $198,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,833/mo property income covering a $2,687/mo payment, not borrower’s personal income.
Single Family
Built in 1993
5,961 sqft lot
$N/A/sqft
$40 monthly HOA
Neighborhood data shown for ZIP Code: 33463, Lake Worth, FL area.
| 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 |
Residential
22,140
Single Family
16,846
Multi-Family
5,294
Businesses
831
Date | Event | Price |
|---|---|---|
| 2024-10-26 | Listed for sale | $549,000 |
| 2024-07-30 | Sold | $355,000 |
| 2018-08-27 | Listing removed | $289,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-15 | $2093.00 | 1.55% | $131,620 | 3.00% |
| 2022-11-15 | $2061.00 | 3.05% | $127,786 | 3.00% |
| 2021-11-15 | $2000.00 | 1.59% | $124,064 | 1.40% |
Listed by: Wilda Sainmelus • LPT Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11031494
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 2024 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.
