714 Executive Center Drive #24West Palm BeachFL33401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 714 Executive Center Drive #24, West Palm Beach, FL, 33401 generates $1,805/mo in rent and, after a $929/mo payment, leaves $545/mo in cash flow. Total monthly income is $1,805/mo, and annual cash flow is $6,546/yr on $62,911 invested. Return on cash invested sits at 30.31% in year one, and rental yield is 11.41% on a $189,777 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,432 over five years. Five-year ROI reaches 159.26% and total cumulative return in cash sums $100,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,805/mo property income rather than buyer’s personal income.
Condo
Built in 1986
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Straub • Spotlight Real Estate Group LLC
Mls Name: BeachesMLS
Mls ID: #RX-11153687