6204 Sandy Bank TerraceRiviera 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
Rental property for sale in Riviera Beach at 6204 Sandy Bank Terrace, Riviera Beach, FL, 33407 generates $2,591/mo in rent and, after a $1,713/mo payment, leaves $269/mo in cash flow. Total monthly income is $2,591/mo, and annual cash flow is $3,223/yr on $115,992 invested. Return on cash invested sits at 22.69% in year one, and rental yield is 8.89% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 118.35% and total cumulative return in cash sums $137,274. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,591/mo property income rather than buyer’s personal income.
Townhouse
Built in 2002
2,269 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: Jeremy Trumble • Right Direction Real Estate &
Mls Name: BeachesMLS
Mls ID: #RX-11140677