602 Landings BoulevardGreenacresFL33413
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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 Greenacres at 602 Landings Boulevard, Greenacres, FL, 33413 priced at $381,500 converts $2,778/mo rent into after a $1,867/mo obligation. Total monthly income equals $2,778/mo. Return on cash invested prints 14.86% in year one, and rental yield reads 8.74% against a $381,500 entry. Equity gained on principal adds $2,462/yr, while 5% annual appreciation compiles into $105,401 by year five. Five-year ROI reaches 79.02% and total cumulative return in cash sums $99,940. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,778/mo property income covering a $1,867/mo payment, not borrower’s personal income.
Townhouse
Built in 1988
1,860 sqft lot
$N/A/sqft
$623 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33413, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,884 (100%) |
| Owner Occupied HU | 4,005 (58.2%) |
| Renter Occupied HU | 2,561 (37.2%) |
| Vacant Housing Units | 318 ( 4.6%) |
| Median Home Value | $464,235 |
| Average Home Value | $583,542 |
Housing Distribution
Address Breakdown
Residential
6,101
Single Family
4,884
Multi-Family
1,217
Businesses
276
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Listed by: Brian Gleason • The Corcoran Group
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11098272
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 2025 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.