61 Somerset Ln #61-CPalm Beach GardensFL33418
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 61 Somerset Ln #61-C, Palm Beach Gardens, FL, 33418 generates $1,318/mo in rent, after a $857/mo payment. Total monthly income is $1,318/mo. Return on cash invested sits at 9.49% in year one, and rental yield is 9.04% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 52.55% and total cumulative return in cash sums $30,487. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,318/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$660 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tara Carter LLC • Real Broker LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11843847
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.