709 Lori Drive #211Palm SpringsFL33461
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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 Springs at 709 Lori Drive #211, Palm Springs, FL, 33461 generates $1,204/mo in rent and, after a $758/mo payment, leaves $176/mo in cash flow. Total monthly income is $1,204/mo, and annual cash flow is $2,115/yr on $51,349 invested. Return on cash invested sits at 24.03% in year one, and rental yield is 9.33% on a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 125.6% and total cumulative return in cash sums $64,496. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,204/mo property income rather than buyer’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33461, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,231 (100%) |
| Owner Occupied HU | 8,710 (45.3%) |
| Renter Occupied HU | 8,553 (44.5%) |
| Vacant Housing Units | 1,968 (10.2%) |
| Median Home Value | $315,307 |
| Average Home Value | $388,851 |
Housing Distribution
Address Breakdown
Residential
17,166
Single Family
11,584
Multi-Family
5,582
Businesses
1,299
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Listed by: Jeffrey R Carlson • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls ID: #RX-11129926