8 Lake Arbor DrivePalm SpringsFL33461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8 Lake Arbor Drive, Palm Springs, FL, 33461 offers $2,640/mo rent that, after a $1,355/mo payment, leaves $803/mo cash flow. Total monthly income is $2,640/mo, and annual cash flow is $9,633/yr on $91,792 cash. Return on cash invested measures 30.4% in year one, and rental yield stands at 11.44% at a $276,900 entry. Equity gained on principal adds $1,787/yr while 5% annual appreciation compounds into $76,502 by year five. Five-year ROI records 159.69% and total cumulative return in cash reaches $146,587. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $1,355/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ilema Ramirez Altuna • Partnership Realty Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11114558