8855 N Bates RoadPalm Beach GardensFL33418
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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 Palm Beach Gardens at 8855 N Bates Road, Palm Beach Gardens, FL, 33418 earns from $4,950/mo rent with a $6,608/mo payment. Total monthly income totals $4,950/mo. ROI tracks 9.37% on current figures, and rental yield reads 4.4% at a $1,350,000 purchase. Equity gained on principal adds $8,711/yr, and 5% annual appreciation supports $372,980 over five years. Five-year ROI reaches 46.83% and total cumulative return in cash sums $204,833. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,950/mo property income instead of your personal income.
Single Family
Built in 1964
2.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: Monika I Phillips • Douglas Elliman (Jupiter)
Mls Name: BeachesMLS
Mls ID: #RX-11136643