602 S Federal Highway #16Lake WorthFL33460
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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
Investment property for sale in Lake Worth at 602 S Federal Highway #16, Lake Worth, FL, 33460 earns $289/mo cash flow from $2,930/mo rent with a $1,948/mo payment. Total monthly income totals $2,930/mo, and annual cash flow totals $3,466/yr on $131,937 capital. ROI tracks 22.54% on current figures, and rental yield reads 8.83% at a $398,000 purchase. Equity gained on principal adds $2,568/yr, and 5% annual appreciation supports $109,960 over five years. Five-year ROI reaches 117.52% and total cumulative return in cash sums $155,052. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,930/mo property income instead of your personal income.
Townhouse
Built in 2005
1,054 sqft lot
$N/A/sqft
No HOA
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Listed by: Sera Peat • RE/MAX Prestige Realty/Wellington
Mls Name: BeachesMLS
Mls ID: #RX-11105708