76 Lake Arbor DrivePalm SpringsFL33461
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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 Palm Springs at 76 Lake Arbor Drive, Palm Springs, FL, 33461 priced at $272,500 converts $2,640/mo rent into $831/mo cash flow after a $1,334/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $9,977/yr on $90,334 invested. Return on cash invested prints 30.95% in year one, and rental yield reads 11.63% against a $272,500 entry. Equity gained on principal adds $1,758/yr, while 5% annual appreciation compiles into $75,287 by year five. Five-year ROI reaches 162.67% and total cumulative return in cash sums $146,946. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,334/mo payment, not borrower’s personal income.
Townhouse
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33461, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,231 (100%) |
| Owner Occupied HU | 8,710 (45.3%) |
| Renter Occupied HU | 8,553 (44.5%) |
| Vacant Housing Units | 1,968 (10.2%) |
| Median Home Value | $315,307 |
| Average Home Value | $388,851 |
Housing Distribution
Address Breakdown
Residential
17,166
Single Family
11,584
Multi-Family
5,582
Businesses
1,299
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Listed by: Kylee Giessen • Compass Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11121705