602 El PradoWest Palm BeachFL33405
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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 602 El Prado, West Palm Beach, FL, 33405 offers $3,840/mo rent that, after a $1,938/mo payment, leaves $1,171/mo cash flow. Total monthly income is $3,840/mo, and annual cash flow is $14,053/yr on $131,274 cash. Return on cash invested measures 30.61% in year one, and rental yield stands at 11.64% at a $396,000 entry. Equity gained on principal adds $2,555/yr while 5% annual appreciation compounds into $109,408 by year five. Five-year ROI records 160.99% and total cumulative return in cash reaches $211,340. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,840/mo property income versus a $1,938/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
5,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33405, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,740 (100%) |
| Owner Occupied HU | 4,738 (54.2%) |
| Renter Occupied HU | 3,176 (36.3%) |
| Vacant Housing Units | 826 ( 9.5%) |
| Median Home Value | $538,407 |
| Average Home Value | $743,392 |
Housing Distribution
Address Breakdown
Residential
8,159
Single Family
7,486
Multi-Family
673
Businesses
1,053
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Listed by: Daniel Mahaney • RealLook.com
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11820649
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.