68 Yacht Club Dr APT 2North Palm BeachFL33408
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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 North Palm Beach at 68 Yacht Club Dr APT 2, North Palm Beach, FL, 33408 with 5% annual appreciation on a $399,000 basis while $2,776/mo rent supports operations. Total monthly income totals $2,776/mo and a $1,953/mo payment preserves $128/mo for cash returns. Annual cash flow comes to $1,537/yr on $132,269 deployed, and return on cash invested reaches 21.07% in year one. Equity gained on principal adds $2,575/yr, and five-year appreciation sums $110,236 alongside rental yield of 8.35%. Five-year ROI measures 109.7% and total cumulative return in cash totals $145,094.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,776/mo property income versus a $1,953/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
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Listed by: Angela Cloud • Water Vista Realty, Inc.
Mls Name: MIAMI
Mls ID: #A11916199