1040 Banyan Road #3050Boca RatonFL33432
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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 Boca Raton at 1040 Banyan Road #3050, Boca Raton, FL, 33432 listed at $599,000 pairs $4,451/mo rent with a $2,932/mo payment to leave $476/mo cash flow. Total monthly income runs $4,451/mo, and annual cash flow reaches $5,709/yr on $197,071 cash to close. Return on cash invested measures 22.96% in year one, and rental yield registers 8.92% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 119.75% and total cumulative return in cash totals $235,990. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,451/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33432, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,928 (100%) |
| Owner Occupied HU | 7,342 (43.4%) |
| Renter Occupied HU | 5,700 (33.7%) |
| Vacant Housing Units | 3,886 (23.0%) |
| Median Home Value | $941,593 |
| Average Home Value | $1,118,234 |
Housing Distribution
Address Breakdown
Residential
13,710
Single Family
4,102
Multi-Family
9,608
Businesses
1,907
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Listed by: MaryEllen DeRosa • Keyes - Boca East
Mls Name: BeachesMLS
Mls ID: #RX-11139043