612 Clear Lake AveWest Palm BeachFL33401
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 West Palm Beach at 612 Clear Lake Ave, West Palm Beach, FL, 33401 offers $4,963/mo rent that, after a $2,736/mo payment, leaves $1,253/mo cash flow. Total monthly income is $4,963/mo, and annual cash flow is $15,041/yr on $183,911 cash. Return on cash invested measures 28.24% in year one, and rental yield stands at 10.65% at a $559,000 entry. Equity gained on principal adds $3,607/yr while 5% annual appreciation compounds into $154,441 by year five. Five-year ROI records 148.08% and total cumulative return in cash reaches $272,331. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,963/mo property income versus a $2,736/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Joy Lawrence • Compass Florida, LLC
Mls Name: BeachesMLS
Mls ID: #F10517709