603 Masters WayPalm Beach GardensFL33418
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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 Palm Beach Gardens at 603 Masters Way, Palm Beach Gardens, FL, 33418 offers $3,709/mo rent that, after a $4,158/mo payment. Total monthly income is $3,709/mo. Return on cash invested measures 11.78% in year one, and rental yield stands at 5.24% at a $849,500 entry. Equity gained on principal adds $5,482/yr while 5% annual appreciation compounds into $234,701 by year five. Five-year ROI records 59.81% and total cumulative return in cash reaches $167,157. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,709/mo property income versus a $4,158/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
6,111 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: Salesperson Non Member • Non-MLS Member
Mls Name: MIAMI
Mls ID: #A11847098