7575 Orchid Hammock DriveWest Palm BeachFL33412
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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 7575 Orchid Hammock Drive, West Palm Beach, FL, 33412 priced at $429,000 converts $2,510/mo rent into after a $2,100/mo obligation. Total monthly income equals $2,510/mo. Return on cash invested prints 17.06% in year one, and rental yield reads 7.02% against a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation compiles into $118,525 by year five. Five-year ROI reaches 88.17% and total cumulative return in cash sums $125,389. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,510/mo property income covering a $2,100/mo payment, not borrower’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33412, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,756 (100%) |
| Owner Occupied HU | 6,514 (84.0%) |
| Renter Occupied HU | 647 ( 8.3%) |
| Vacant Housing Units | 595 ( 7.7%) |
| Median Home Value | $634,108 |
| Average Home Value | $726,792 |
Housing Distribution
Address Breakdown
Residential
7,255
Single Family
7,158
Multi-Family
97
Businesses
89
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Listed by: Stacie W Mascitelli • Berkshire Hathaway Florida Rea
Mls Name: BeachesMLS
Mls ID: #RX-10994861