801 S Olive Avenue #1023West Palm BeachFL33401
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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 West Palm Beach at 801 S Olive Avenue #1023, West Palm Beach, FL, 33401 earns $527/mo cash flow from $3,175/mo rent with a $1,953/mo payment. Total monthly income totals $3,175/mo, and annual cash flow totals $6,325/yr on $132,269 capital. ROI tracks 24.69% on current figures, and rental yield reads 9.55% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 129.09% and total cumulative return in cash sums $170,750. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,175/mo property income instead of your personal income.
Condo
Built in 2006
181 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33401, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,533 (100%) |
| Owner Occupied HU | 5,581 (25.9%) |
| Renter Occupied HU | 11,921 (55.4%) |
| Vacant Housing Units | 4,031 (18.7%) |
| Median Home Value | $635,286 |
| Average Home Value | $769,580 |
Housing Distribution
Address Breakdown
Residential
17,747
Single Family
6,570
Multi-Family
11,177
Businesses
2,352
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Listed by: Ginger L Gowing • Luxury Real Estate Group LLC
Mls Name: BeachesMLS
Mls ID: #RX-11123589