723 Penn StreetWest Palm BeachFL33401
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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
Total monthly income runs $5,849/mo, and a $8,786/mo payment. Purchase price stands at $1,795,000, and rental yield measures 3.91% with $5,849/mo rent. Return on cash invested shows 7.86% in year one, and 5% annual appreciation builds toward $495,925 over five years. Five-year ROI reaches 38.73% and total cumulative return in cash records $225,229. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,849/mo property income covering a $8,786/mo payment rather than investor’s personal income.
Single Family
Built in 1935
5,246 sqft 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
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Listed by: Robert Lee Kemp • Douglas Elliman
Mls Name: BeachesMLS
Mls ID: #RX-11139408