6690 Oakmont WayWest Palm BeachFL33412
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 6690 Oakmont Way, West Palm Beach, FL, 33412 in West Palm Beach deserves attention. This $940,000 property earns $8,765/mo in rent, a 11.19% gross yield, and nets $2,492/mo after the $4,227/mo payment. DSCR 2.07 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $259,705 compounds alongside $8,657/yr in yearly equity build, for a total cumulative return of $518,815.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 7.0% |
| Monthly Cash Flow | $2,492 | $1,200 |
City averages based on West Palm Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,765 |
| Total Monthly Debt Service | $5,898 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33412, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,756 (100%) |
| Owner Occupied HU | 6,514 (84.0%) |
| Renter Occupied HU | 647 ( 8.3%) |
| Vacant Housing Units | 595 ( 7.7%) |
| Median Home Value | $634,108 |
| Average Home Value | $726,792 |
Housing Distribution
Address Breakdown
Residential
7,255
Single Family
7,158
Multi-Family
97
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1995
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33412, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,756 (100%) |
| Owner Occupied HU | 6,514 (84.0%) |
| Renter Occupied HU | 647 ( 8.3%) |
| Vacant Housing Units | 595 ( 7.7%) |
| Median Home Value | $634,108 |
| Average Home Value | $726,792 |
Housing Distribution
Address Breakdown
Residential
7,255
Single Family
7,158
Multi-Family
97
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holly Lynn Smith • Brown Harris Stevens of Palm Beach 5225
Mls Name: Palm Beach BOR
Mls ID: #25-239
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.