1117 Lake Terrace #F-210Boynton BeachFL33426
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1117 Lake Terrace #F-210, Boynton Beach, FL, 33426 in Boynton Beach at $114,999 earns $925/mo in rent and nets $162/mo after the $517/mo payment, a 9.65% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $31,772 over five years. Ziffy Mortgage underwrites this on a 1.79 DSCR without U.S. credit history. With $1,059/yr in principal paydown, total projected return reaches $54,263.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 5.6% |
| Monthly Cash Flow | $162 | $400 |
City averages based on Boynton Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $925 |
| Total Monthly Debt Service | $717 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33426, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,164 (100%) |
| Owner Occupied HU | 6,843 (52.0%) |
| Renter Occupied HU | 5,168 (39.3%) |
| Vacant Housing Units | 1,153 ( 8.8%) |
| Median Home Value | $362,395 |
| Average Home Value | $407,459 |
Housing Distribution
Address Breakdown
Residential
13,066
Single Family
8,130
Multi-Family
4,936
Businesses
1,444
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
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33426, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,164 (100%) |
| Owner Occupied HU | 6,843 (52.0%) |
| Renter Occupied HU | 5,168 (39.3%) |
| Vacant Housing Units | 1,153 ( 8.8%) |
| Median Home Value | $362,395 |
| Average Home Value | $407,459 |
Housing Distribution
Address Breakdown
Residential
13,066
Single Family
8,130
Multi-Family
4,936
Businesses
1,444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Wickersham • The Rental Authority Corp.
Mls Name: BeachesMLS
Mls ID: #RX-11126891