802 Sky Pine Way #E2GreenacresFL33415
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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 Greenacres at 802 Sky Pine Way #E2, Greenacres, FL, 33415 offers $1,227/mo rent that, after a $778/mo payment, leaves $172/mo cash flow. Total monthly income is $1,227/mo, and annual cash flow is $2,065/yr on $52,709 cash. Return on cash invested measures 23.83% in year one, and rental yield stands at 9.26% at a $159,000 entry. Equity gained on principal adds $1,026/yr while 5% annual appreciation compounds into $43,929 by year five. Five-year ROI records 124.51% and total cumulative return in cash reaches $65,628. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,227/mo property income versus a $778/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1985
37.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33415, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,027 (100%) |
| Owner Occupied HU | 11,193 (55.9%) |
| Renter Occupied HU | 7,425 (37.1%) |
| Vacant Housing Units | 1,409 ( 7.0%) |
| Median Home Value | $295,757 |
| Average Home Value | $389,449 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
11,552
Multi-Family
7,447
Businesses
728
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Listed by: Eduardo Arriagada • CENTURY 21 Tenace Realty
Mls Name: BeachesMLS
Mls ID: #RX-11148421