616 Clearwater Park Rd APT 509West Palm BeachFL33401
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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 West Palm Beach at 616 Clearwater Park Rd APT 509, West Palm Beach, FL, 33401 offers a 13.14% rental yield on a $295,400 purchase with $3,235/mo rent. Total monthly income registers $3,235/mo, and a $1,446/mo payment leaves $637/mo available for distribution. Annual cash flow reaches $7,642/yr on $97,925 to close, and return on cash invested stands at 27.71% in year one. Equity gained on principal adds $1,906/yr while 5% annual appreciation supports $81,614 over five years. Portfolio math shows five-year ROI at 148.1% and total cumulative return in cash at $145,028. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,235/mo property income against a $1,446/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 2003
1 Acres lot
$N/A/sqft
$454 monthly 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
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