8971 Oldham WayWest Palm BeachFL33412
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
Investment Highlights
Investment property for sale in West Palm Beach at 8971 Oldham Way, West Palm Beach, FL, 33412 offers a 11.32% rental yield on a $600,000 purchase with $5,660/mo rent. Total monthly income registers $5,660/mo, and a $2,937/mo payment leaves $1,678/mo available for distribution. Annual cash flow reaches $20,136/yr on $197,400 to close, and return on cash invested stands at 30.26% in year one. Equity gained on principal adds $3,872/yr while 5% annual appreciation supports $165,769 over five years. Portfolio math shows five-year ROI at 158.9% and total cumulative return in cash at $313,668. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,660/mo property income against a $2,937/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33412, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,756 (100%) |
| Owner Occupied HU | 6,514 (84.0%) |
| Renter Occupied HU | 647 ( 8.3%) |
| Vacant Housing Units | 595 ( 7.7%) |
| Median Home Value | $634,108 |
| Average Home Value | $726,792 |
Housing Distribution
Address Breakdown
Residential
7,255
Single Family
7,158
Multi-Family
97
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dustine Kearney • Illustrated Properties LLC (Jupiter)
Mls Name: BeachesMLS
Mls ID: #RX-11109240