701 Laconia Circle #BLake WorthFL33467
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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 Lake Worth at 701 Laconia Circle #B, Lake Worth, FL, 33467 offers $1,237/mo rent that, after a $758/mo payment, leaves $209/mo cash flow. Total monthly income is $1,237/mo, and annual cash flow is $2,511/yr on $51,349 cash. Return on cash invested measures 24.8% in year one, and rental yield stands at 9.58% at a $154,900 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,796 by year five. Five-year ROI records 129.69% and total cumulative return in cash reaches $66,596. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,237/mo property income versus a $758/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33467, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,072 (100%) |
| Owner Occupied HU | 21,130 (78.1%) |
| Renter Occupied HU | 3,524 (13.0%) |
| Vacant Housing Units | 2,418 ( 8.9%) |
| Median Home Value | $513,106 |
| Average Home Value | $550,949 |
Housing Distribution
Address Breakdown
Residential
25,492
Single Family
19,736
Multi-Family
5,756
Businesses
765
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Listed by: Andrea Lynn Ulrich • LoKation
Mls Name: BeachesMLS
Mls ID: #RX-11155277