62 Springdale CirclePalm SpringsFL33461
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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 Palm Springs at 62 Springdale Circle, Palm Springs, FL, 33461 offers $2,725/mo rent that, after a $1,370/mo payment, leaves $867/mo cash flow. Total monthly income is $2,725/mo, and annual cash flow is $10,408/yr on $92,820 cash. Return on cash invested measures 31.12% in year one, and rental yield stands at 11.68% at a $279,999 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 163.58% and total cumulative return in cash reaches $151,832. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,725/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1986
1,559 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33461, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,231 (100%) |
| Owner Occupied HU | 8,710 (45.3%) |
| Renter Occupied HU | 8,553 (44.5%) |
| Vacant Housing Units | 1,968 (10.2%) |
| Median Home Value | $315,307 |
| Average Home Value | $388,851 |
Housing Distribution
Address Breakdown
Residential
17,166
Single Family
11,584
Multi-Family
5,582
Businesses
1,299
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Listed by: Mike Karsten Thomas • Premier Brokers International
Mls Name: BeachesMLS
Mls ID: #RX-11131732