616 Clearwater Park Rd APT 703West 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 703, West Palm Beach, FL, 33401 earns $637/mo cash flow from $2,263/mo rent with a $1,199/mo payment. Total monthly income totals $2,263/mo, and annual cash flow totals $7,647/yr on $81,218 capital. ROI tracks 29.33% on current figures, and rental yield reads 11.08% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 153.96% and total cumulative return in cash sums $125,040. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,263/mo property income instead of your personal income.
Condo
Built in 2003
N/A 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
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Listed by: Victor Castillo Jr • Miami Life Realty LLC
Mls Name: MIAMI
Mls ID: #A11835333