620 6th WayWest Palm BeachFL33407
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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 620 6th Way, West Palm Beach, FL, 33407 listed at $282,500 pairs $1,959/mo rent with a $1,383/mo payment to leave $84/mo cash flow. Total monthly income runs $1,959/mo, and annual cash flow reaches $1,008/yr on $93,649 cash to close. Return on cash invested measures 20.99% in year one, and rental yield registers 8.32% at a $282,500 basis. Equity gained on principal adds $1,823/yr, and annual property appreciation at 5% supports $78,050 by year five. Five-year ROI tracks 109.2% and total cumulative return in cash totals $102,266. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,959/mo property income relative to a $1,383/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1983
1,345 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33407, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,707 (100%) |
| Owner Occupied HU | 6,077 (38.7%) |
| Renter Occupied HU | 7,818 (49.8%) |
| Vacant Housing Units | 1,812 (11.5%) |
| Median Home Value | $345,745 |
| Average Home Value | $453,369 |
Housing Distribution
Address Breakdown
Residential
13,884
Single Family
9,698
Multi-Family
4,186
Businesses
1,707
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Listed by: Marlene Rivera • REMAX PREMIER PROPERTIES
Mls Name: Stellar MLS
Mls ID: #S5135444