58 Sussex C #CWest Palm BeachFL33417
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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
Rental property for sale in West Palm Beach at 58 Sussex C #C, West Palm Beach, FL, 33417 priced at $120,000 converts $964/mo rent into $168/mo cash flow after a $587/mo obligation. Total monthly income equals $964/mo, and annual cash flow totals $2,016/yr on $39,780 invested. Return on cash invested prints 24.98% in year one, and rental yield reads 9.64% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 130.61% and total cumulative return in cash sums $51,955. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $964/mo property income covering a $587/mo payment, not borrower’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33417, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,018 (100%) |
| Owner Occupied HU | 9,428 (49.6%) |
| Renter Occupied HU | 6,660 (35.0%) |
| Vacant Housing Units | 2,930 (15.4%) |
| Median Home Value | $154,618 |
| Average Home Value | $254,551 |
Housing Distribution
Address Breakdown
Residential
17,514
Single Family
8,570
Multi-Family
8,944
Businesses
316
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Listed by: Cidalia M Alvar • United Realty Group, Inc
Mls Name: BeachesMLS
Mls ID: #RX-11105468