6490 Lakemont CirGreenacresFL33463
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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 Greenacres at 6490 Lakemont Cir, Greenacres, FL, 33463 uses $89,505 cash to close to unlock $6,285/yr annual cash flow and $524/mo monthly cash flow. Total monthly income runs $2,644/mo, and a $1,322/mo payment keeps the spread at $524/mo. Purchase price stands at $270,000, and rental yield measures 11.75% with $2,644/mo rent. Return on cash invested shows 26.93% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 142.68% and total cumulative return in cash records $127,705. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,644/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1980
5,713 sqft lot
$N/A/sqft
$328 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33463, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,692 (100%) |
| Owner Occupied HU | 15,571 (68.6%) |
| Renter Occupied HU | 5,701 (25.1%) |
| Vacant Housing Units | 1,420 ( 6.3%) |
| Median Home Value | $424,162 |
| Average Home Value | $447,452 |
Housing Distribution
Address Breakdown
Residential
22,140
Single Family
16,846
Multi-Family
5,294
Businesses
831
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Listed by: Justin Willard • Willard Realty Team Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11863649
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.