708 7th Lane #BGreenacresFL33463
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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 Greenacres at 708 7th Lane #B, Greenacres, FL, 33463 generates $3,023/mo in rent and, after a $1,615/mo payment, leaves $833/mo in cash flow. Total monthly income is $3,023/mo, and annual cash flow is $10,001/yr on $109,362 invested. Return on cash invested sits at 29.05% in year one, and rental yield is 11% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 152.49% and total cumulative return in cash sums $166,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,023/mo property income rather than buyer’s personal income.
Townhouse
Built in 1981
1,529 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33463, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,692 (100%) |
| Owner Occupied HU | 15,571 (68.6%) |
| Renter Occupied HU | 5,701 (25.1%) |
| Vacant Housing Units | 1,420 ( 6.3%) |
| Median Home Value | $424,162 |
| Average Home Value | $447,452 |
Housing Distribution
Address Breakdown
Residential
22,140
Single Family
16,846
Multi-Family
5,294
Businesses
831
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Listed by: Ravi P Mohanka • Sainaam Realty & Investment
Mls Name: BeachesMLS
Mls ID: #RX-11147078