5856 Erik WayGreenacresFL33463
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 5856 Erik Way, Greenacres, FL, 33463 in Greenacres: $3,499/mo in rent, $445/mo in net income, 10.5% gross yield, 1.94 DSCR, all at $400,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $110,513 in appreciation and $3,684/yr in principal paydown projects total cumulative return of $206,794.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 8.0% |
| Monthly Cash Flow | $445 | $300 |
City averages based on Greenacres market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,499 |
| Total Monthly Debt Service | $2,495 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2006
0.06 sqft lot
$N/A/sqft
No HOA
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
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
Townhouse
Built in 2006
0.06 sqft lot
$N/A/sqft
No HOA
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: BeachesMLS
Mls ID: #RX-11166872