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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 Royal Palm Beach at 6 Greenway N #103, Royal Palm Beach, FL, 33411 offers $2,400/mo rent that, after a $978/mo payment, leaves $484/mo cash flow. Total monthly income is $2,400/mo, and annual cash flow is $5,806/yr on $66,267 cash. Return on cash invested measures 28.67% in year one, and rental yield stands at 14.41% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 154.29% and total cumulative return in cash reaches $102,241. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
$590 monthly HOA
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,101 (100%) |
| Owner Occupied HU | 21,317 (70.8%) |
| Renter Occupied HU | 7,003 (23.3%) |
| Vacant Housing Units | 1,781 ( 5.9%) |
| Median Home Value | $481,969 |
| Average Home Value | $527,515 |
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
Date | Event | Price |
|---|---|---|
| 2024-07-31 | Listed for sale | $199,900 |
| 2020-02-24 | Sold | $113,000 |
| 2020-01-11 | Pending sale | $124,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $1098.00 | 3.29% | $95,481 | 3.00% |
| 2022-12-26 | $1063.00 | 2.31% | $92,700 | 3.00% |
| 2021-12-26 | $1039.00 | -37.10% | $90,000 | 12.50% |
Listed by: Nicole Perdicaro • Century 21 Stein Posner
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11008436
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.
