810 Lake Shore Drive #37Lake ParkFL33403
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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 Park at 810 Lake Shore Drive #37, Lake Park, FL, 33403 uses $56,355 cash to close to unlock $1,967/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,292/mo, and a $832/mo payment keeps the spread at $164/mo. Purchase price stands at $170,000, and rental yield measures 9.12% with $1,292/mo rent. Return on cash invested shows 23.4% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 122.13% and total cumulative return in cash records $68,829. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,292/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1976
1 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33403, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,026 (100%) |
| Owner Occupied HU | 2,923 (48.5%) |
| Renter Occupied HU | 2,738 (45.4%) |
| Vacant Housing Units | 365 ( 6.1%) |
| Median Home Value | $415,625 |
| Average Home Value | $486,190 |
Housing Distribution
Address Breakdown
Residential
5,408
Single Family
4,511
Multi-Family
897
Businesses
999
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