890 N Federal Highway #403LantanaFL33462
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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 Lantana at 890 N Federal Highway #403, Lantana, FL, 33462 uses $66,267 cash to close to unlock $2,194/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,509/mo, and a $978/mo payment keeps the spread at $183/mo. Purchase price stands at $199,900, and rental yield measures 9.06% with $1,509/mo rent. Return on cash invested shows 23.22% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 121.18% and total cumulative return in cash records $80,305. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,509/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33462, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,778 (100%) |
| Owner Occupied HU | 8,313 (49.5%) |
| Renter Occupied HU | 5,805 (34.6%) |
| Vacant Housing Units | 2,660 (15.9%) |
| Median Home Value | $443,156 |
| Average Home Value | $566,185 |
Housing Distribution
Address Breakdown
Residential
14,984
Single Family
9,612
Multi-Family
5,372
Businesses
806
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