705 Lori Dr, Apt 216, Palm Springs, FL 33461

Palm Springs, FL 33461 · 2 bd · 2 ba · 1,002 sqft · Condo · 91 days on market

The math, in full

Asking price: $117,000
Down payment (20%): $23,400
Loan amount: $93,600
Est. monthly rent: $1,960/mo; Range $1,666–$2,254/mo
Monthly payment, all-in: $1,496/mo; Mortgage + taxes + insurance (PITIA)
Cashflow ratio (DSCR): 1.31; $1,960 rent ÷ $1,496 payment
Monthly cashflow: +$464/mo; What's left after the payment

Where the rent number comes from

Median asking rent for 2-bedroom homes in zip 33461, from current market comps — not a per-property guess. High confidence — plenty of comparable rentals in this zip.

Cash to start

$23,400

20% down on $117,000

Your local lender

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Screened against real lending criteria — this one fits a current program.
Qualifies on the property's rent — no W-2 or tax returns.
Listing data verified as of June 9, 2026.

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Rent, payment, and cashflow figures are estimates based on current market data and business-purpose investment-loan criteria, for non-owner-occupied property. Not a commitment to lend, not financial advice, and not an offer of any specific loan or property. Listing data may change; properties may sell. All terms confirmed by a loan officer and subject to underwriting and appraisal.