707 Kanuga DriveWest Palm BeachFL33401
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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 West Palm Beach at 707 Kanuga Drive, West Palm Beach, FL, 33401 offers $3,624/mo rent that, after a $8,076/mo payment. Total monthly income is $3,624/mo. Return on cash invested measures 3.93% in year one, and rental yield stands at 2.64% at a $1,650,000 entry. Equity gained on principal adds $10,647/yr while 5% annual appreciation compounds into $455,865 by year five. Five-year ROI records 17.64% and total cumulative return in cash reaches $94,301. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,624/mo property income versus a $8,076/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
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Listed by: Mae Ferguson • Serhant
Mls Name: BeachesMLS
Mls ID: #RX-11106011