740 Flamingo DrWest 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
Rental property for sale in West Palm Beach at 740 Flamingo Dr, West Palm Beach, FL, 33401 priced at $649,900 converts $3,427/mo rent into after a $3,181/mo obligation. Total monthly income equals $3,427/mo. Return on cash invested prints 15.09% in year one, and rental yield reads 6.33% against a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,555 by year five. Five-year ROI reaches 77.57% and total cumulative return in cash sums $165,858. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,427/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 1949
6,262 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: Manuel Arce • EXP Realty LLC
Mls Name: MIAMI
Mls ID: #A11909096