10694 Ocean Palm Way #202Boynton BeachFL33437
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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 Boynton Beach at 10694 Ocean Palm Way #202, Boynton Beach, FL, 33437 earns $247/mo cash flow from $1,573/mo rent with a $978/mo payment. Total monthly income totals $1,573/mo, and annual cash flow totals $2,962/yr on $66,267 capital. ROI tracks 24.38% on current figures, and rental yield reads 9.44% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 127.39% and total cumulative return in cash sums $84,421. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,573/mo property income instead of your personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33437, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,841 (100%) |
| Owner Occupied HU | 16,379 (75.0%) |
| Renter Occupied HU | 2,878 (13.2%) |
| Vacant Housing Units | 2,584 (11.8%) |
| Median Home Value | $508,849 |
| Average Home Value | $545,771 |
Housing Distribution
Address Breakdown
Residential
20,672
Single Family
17,669
Multi-Family
3,003
Businesses
349
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Listed by: Jean Cassett • RE/MAX Select Group
Mls Name: BeachesMLS
Mls ID: #RX-11138801