742 Cable Beach LaneNorth Palm BeachFL33410
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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 North Palm Beach at 742 Cable Beach Lane, North Palm Beach, FL, 33410 offers $5,717/mo rent that, after a $4,009/mo payment, leaves $282/mo cash flow. Total monthly income is $5,717/mo, and annual cash flow is $3,379/yr on $269,451 cash. Return on cash invested measures 21.31% in year one, and rental yield stands at 8.38% at a $819,000 entry. Equity gained on principal adds $5,285/yr while 5% annual appreciation compounds into $226,275 by year five. Five-year ROI records 110.94% and total cumulative return in cash reaches $298,917. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,717/mo property income versus a $4,009/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2000
3,424 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33410, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,945 (100%) |
| Owner Occupied HU | 11,740 (65.4%) |
| Renter Occupied HU | 4,521 (25.2%) |
| Vacant Housing Units | 1,684 ( 9.4%) |
| Median Home Value | $562,031 |
| Average Home Value | $758,647 |
Housing Distribution
Address Breakdown
Residential
17,511
Single Family
12,828
Multi-Family
4,683
Businesses
1,683
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Listed by: Dennis St Germain • Lehmann Realty Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11125360