618 3rd Avenue SLake WorthFL33460
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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 Lake Worth at 618 3rd Avenue S, Lake Worth, FL, 33460 priced at $624,000 converts $2,652/mo rent into after a $3,054/mo obligation. Total monthly income equals $2,652/mo. Return on cash invested prints 10.1% in year one, and rental yield reads 5.1% against a $624,000 entry. Equity gained on principal adds $4,027/yr, while 5% annual appreciation compiles into $172,400 by year five. Five-year ROI reaches 51.24% and total cumulative return in cash sums $105,203. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,652/mo property income covering a $3,054/mo payment, not borrower’s personal income.
Multi Family
Built in 1966
4,251 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Erin Allen • Illustrated Properties LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11031014
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.