7163 Grassy Bay DriveWest Palm BeachFL33411
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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
Investment property for sale in West Palm Beach at 7163 Grassy Bay Drive, West Palm Beach, FL, 33411 offers a 9.94% rental yield on a $394,900 purchase with $3,271/mo rent. Total monthly income registers $3,271/mo, and a $1,933/mo payment leaves $650/mo available for distribution. Annual cash flow reaches $7,803/yr on $130,909 to close, and return on cash invested stands at 25.87% in year one. Equity gained on principal adds $2,548/yr while 5% annual appreciation supports $109,104 over five years. Portfolio math shows five-year ROI at 135.42% and total cumulative return in cash at $177,275. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,271/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
5,127 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33411, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,101 (100%) |
| Owner Occupied HU | 21,317 (70.8%) |
| Renter Occupied HU | 7,003 (23.3%) |
| Vacant Housing Units | 1,781 ( 5.9%) |
| Median Home Value | $481,969 |
| Average Home Value | $527,515 |
Housing Distribution
Address Breakdown
Residential
29,377
Single Family
22,830
Multi-Family
6,547
Businesses
1,580
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Listed by: Jayne Guzman • Illustrated Properties LLC (Ri
Mls Name: BeachesMLS
Mls ID: #RX-11134531