708 S BroadwayLantanaFL33462
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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 Lantana at 708 S Broadway, Lantana, FL, 33462 priced at $393,500 converts $3,546/mo rent into $935/mo cash flow after a $1,926/mo obligation. Total monthly income equals $3,546/mo, and annual cash flow totals $11,216/yr on $130,445 invested. Return on cash invested prints 28.51% in year one, and rental yield reads 10.81% against a $393,500 entry. Equity gained on principal adds $2,539/yr, while 5% annual appreciation compiles into $108,717 by year five. Five-year ROI reaches 149.55% and total cumulative return in cash sums $195,075. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,546/mo property income covering a $1,926/mo payment, not borrower’s personal income.
Single Family
Built in 1950
6,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33462, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,778 (100%) |
| Owner Occupied HU | 8,313 (49.5%) |
| Renter Occupied HU | 5,805 (34.6%) |
| Vacant Housing Units | 2,660 (15.9%) |
| Median Home Value | $443,156 |
| Average Home Value | $566,185 |
Housing Distribution
Address Breakdown
Residential
14,984
Single Family
9,612
Multi-Family
5,372
Businesses
806
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