719 Lori Dr #204Palm 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
Investment property for sale in Palm Springs at 719 Lori Dr #204, Palm Springs, FL, 33461 uses $58,013 cash to close to unlock $2,511/yr annual cash flow and $209/mo monthly cash flow. Total monthly income runs $1,371/mo, and a $857/mo payment keeps the spread at $209/mo. Purchase price stands at $175,000, and rental yield measures 9.4% with $1,371/mo rent. Return on cash invested shows 24.24% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 126.71% and total cumulative return in cash records $73,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,371/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1974
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: Brandon Hawkins • EXP Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11138858