802 Lytle StreetWest Palm BeachFL33405
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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 802 Lytle Street, West Palm Beach, FL, 33405 priced at $485,000 converts $1,919/mo rent into after a $2,374/mo obligation. Total monthly income equals $1,919/mo. Return on cash invested prints 10.21% in year one, and rental yield reads 4.75% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 51.43% and total cumulative return in cash sums $82,682. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,919/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 1959
8,081 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33405, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,740 (100%) |
| Owner Occupied HU | 4,738 (54.2%) |
| Renter Occupied HU | 3,176 (36.3%) |
| Vacant Housing Units | 826 ( 9.5%) |
| Median Home Value | $538,407 |
| Average Home Value | $743,392 |
Housing Distribution
Address Breakdown
Residential
8,159
Single Family
7,486
Multi-Family
673
Businesses
1,053
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Listed by: Irina Borisova • Coldwell Banker
Mls Name: BeachesMLS
Mls ID: #RX-11150274