606 6th WayWest Palm BeachFL33407
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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 606 6th Way, West Palm Beach, FL, 33407 offers $2,701/mo rent that, after a $1,591/mo payment, leaves $544/mo cash flow. Total monthly income is $2,701/mo, and annual cash flow is $6,528/yr on $107,737 cash. Return on cash invested measures 25.97% in year one, and rental yield stands at 9.97% at a $324,999 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,791 by year five. Five-year ROI records 135.91% and total cumulative return in cash reaches $146,425. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,701/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
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Listed by: Yudith Garcia • CGI Realty
Mls Name: BeachesMLS
Mls ID: #RX-11088252