5780 W Fernley Dr #83West Palm BeachFL33415
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5780 W Fernley Dr #83, West Palm Beach, FL, 33415 uses $40,609 cash to close to unlock $1,328/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $924/mo, and a $600/mo payment keeps the spread at $111/mo. Purchase price stands at $122,500, and rental yield measures 9.05% with $924/mo rent. Return on cash invested shows 23.18% in year one, and 5% annual appreciation builds toward $33,844 over five years. Five-year ROI reaches 120.98% and total cumulative return in cash records $49,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $924/mo property income covering a $600/mo payment rather than investor’s personal income.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33415, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,027 (100%) |
| Owner Occupied HU | 11,193 (55.9%) |
| Renter Occupied HU | 7,425 (37.1%) |
| Vacant Housing Units | 1,409 ( 7.0%) |
| Median Home Value | $295,757 |
| Average Home Value | $389,449 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
11,552
Multi-Family
7,447
Businesses
728
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Leto • RE/MAX Allstars
Mls Name: BeachesMLS
Mls ID: #F10534155