1117 Lake Terrace #F-210Boynton BeachFL33426
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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 1117 Lake Terrace #F-210, Boynton Beach, FL, 33426 uses $38,122 cash to close to unlock $1,941/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $925/mo, and a $563/mo payment keeps the spread at $162/mo. Purchase price stands at $114,999, and rental yield measures 9.65% with $925/mo rent. Return on cash invested shows 25% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 130.75% and total cumulative return in cash records $49,845. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $925/mo property income covering a $563/mo payment rather than investor’s personal income.
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
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Listed by: Elizabeth Wickersham • The Rental Authority Corp.
Mls Name: BeachesMLS
Mls ID: #RX-11126891