813 Hummingbird Way APT 7ANorth Palm BeachFL33408
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 813 Hummingbird Way APT 7A, North Palm Beach, FL, 33408 in North Palm Beach at $253,500 earns $2,230/mo in rent and nets $180/mo after the $1,140/mo payment, a 10.55% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $70,037 over five years. Ziffy Mortgage underwrites this on a 1.96 DSCR without U.S. credit history. With $2,335/yr in principal paydown, total projected return reaches $109,799.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 5.0% |
| Monthly Cash Flow | $180 | $1,500 |
City averages based on North Palm Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,230 |
| Total Monthly Debt Service | $1,949 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
$252 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
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
Condo
Built in 1974
N/A lot
$N/A/sqft
$252 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A