6222 62nd WayWest Palm BeachFL33409
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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 6222 62nd Way, West Palm Beach, FL, 33409 earns $253/mo cash flow from $2,635/mo rent with a $1,757/mo payment. Total monthly income totals $2,635/mo, and annual cash flow totals $3,033/yr on $119,009 capital. ROI tracks 22.46% on current figures, and rental yield reads 8.81% at a $359,000 purchase. Equity gained on principal adds $2,317/yr, and 5% annual appreciation supports $99,185 over five years. Five-year ROI reaches 117.09% and total cumulative return in cash sums $139,351. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,635/mo property income instead of your personal income.
Single Family
Built in 1986
1,345 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33409, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,274 (100%) |
| Owner Occupied HU | 5,595 (39.2%) |
| Renter Occupied HU | 7,596 (53.2%) |
| Vacant Housing Units | 1,083 ( 7.6%) |
| Median Home Value | $369,591 |
| Average Home Value | $519,718 |
Housing Distribution
Address Breakdown
Residential
12,622
Single Family
7,927
Multi-Family
4,695
Businesses
1,880
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