744 Maritime WayNorth 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 744 Maritime Way, North Palm Beach, FL, 33410 priced at $1,157,000 converts $4,021/mo rent into after a $5,663/mo obligation. Total monthly income equals $4,021/mo. Return on cash invested prints 6.64% in year one, and rental yield reads 4.17% against a $1,157,000 entry. Equity gained on principal adds $7,466/yr, while 5% annual appreciation compiles into $319,658 by year five. Five-year ROI reaches 32.9% and total cumulative return in cash sums $123,335. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,021/mo property income covering a $5,663/mo payment, not borrower’s personal income.
Single Family
Built in 2001
6,692 sqft lot
$N/A/sqft
$633 monthly 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: John Clairmont • Compass Florida LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11038840
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.