7376 W Oakridge Circle N #CLake WorthFL33462
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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 Lake Worth at 7376 W Oakridge Circle N #C, Lake Worth, FL, 33462 generates $1,095/mo in rent and, after a $710/mo payment, leaves $132/mo in cash flow. Total monthly income is $1,095/mo, and annual cash flow is $1,590/yr on $48,068 invested. Return on cash invested sits at 23.22% in year one, and rental yield is 9.06% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 121.22% and total cumulative return in cash sums $58,268. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,095/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33462, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,778 (100%) |
| Owner Occupied HU | 8,313 (49.5%) |
| Renter Occupied HU | 5,805 (34.6%) |
| Vacant Housing Units | 2,660 (15.9%) |
| Median Home Value | $443,156 |
| Average Home Value | $566,185 |
Housing Distribution
Address Breakdown
Residential
14,984
Single Family
9,612
Multi-Family
5,372
Businesses
806
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Listed by: Catherine B Hogan • United Realty Group, Inc
Mls Name: BeachesMLS
Mls ID: #RX-11113583