7 Bannock RoadPalm Beach GardensFL33418
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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 Palm Beach Gardens at 7 Bannock Road, Palm Beach Gardens, FL, 33418 offers $7,441/mo rent that, after a $4,635/mo payment, leaves $1,157/mo cash flow. Total monthly income is $7,441/mo, and annual cash flow is $13,880/yr on $311,563 cash. Return on cash invested measures 24.52% in year one, and rental yield stands at 9.43% at a $947,000 entry. Equity gained on principal adds $6,111/yr while 5% annual appreciation compounds into $261,639 by year five. Five-year ROI records 128.1% and total cumulative return in cash reaches $399,104. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,441/mo property income versus a $4,635/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: Diane Taylor Mudd-Moran • M & D Realty PA
Mls Name: BeachesMLS
Mls ID: #RX-11129482