7823 Springfield Lake DriveLake WorthFL33467
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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
Investment property for sale in Lake Worth at 7823 Springfield Lake Drive, Lake Worth, FL, 33467 offers a 9.09% rental yield on a $500,000 purchase with $3,788/mo rent. Total monthly income registers $3,788/mo, and a $2,447/mo payment leaves $304/mo available for distribution. Annual cash flow reaches $3,651/yr on $165,750 to close, and return on cash invested stands at 22.11% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 115.7% and total cumulative return in cash at $191,768. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,788/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
4,414 sqft lot
$N/A/sqft
$163 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33467, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,072 (100%) |
| Owner Occupied HU | 21,130 (78.1%) |
| Renter Occupied HU | 3,524 (13.0%) |
| Vacant Housing Units | 2,418 ( 8.9%) |
| Median Home Value | $513,106 |
| Average Home Value | $550,949 |
Housing Distribution
Address Breakdown
Residential
25,492
Single Family
19,736
Multi-Family
5,756
Businesses
765
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-29 | Listed for sale | $500,000 |
| 2019-08-28 | Sold | $322,000 |
| 2019-07-31 | Pending sale | $322,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-29 | $4484.00 | 2.66% | $288,371 | 3.00% |
| 2023-04-29 | $4368.00 | 0.99% | $279,972 | 3.00% |
| 2022-04-29 | $4325.00 | 0.84% | $271,817 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1998
- Architectural Style: Contemporary
- Building Area: 2,114
- Living Area: 1,680 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central Individual, Electric
- Cooling: Ceiling Fan(s), Electric
- Flooring: Carpet, Laminate, Tile
- Interior Features: Pantry, Split Bedroom, Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Driveway, Garage - Attached, Auto Garage Open, Commercial Vehicles Prohibited
Location
- City: Lake Worth
- State: FL
- Subdivision: Lake Charleston Tr Z
- Lot Size: 4,414 sqft
- Lot Features: < 1/4 Acre
- View: Lake
HOA & Fees
- HOA Fee: $163 monthly
- Association Fee: $163 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Cable TV, Common Areas, Common R.E. Tax
Utilities
- Utilities: Cable Connected, Electricity Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Manatee Elementary School
- Middle School: Christa Mcauliffe Middle School
- High School: Park Vista Community High School
Listed by: Steven Shattow • Preferred Florida Real Estate
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11085879
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.