1124 NW 13th Street #120aBoca RatonFL33486
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
Investment Highlights
Investment property for sale in Boca Raton at 1124 NW 13th Street #120a, Boca Raton, FL, 33486 listed at $251,000 pairs $1,724/mo rent with a $1,229/mo payment to leave $58/mo cash flow. Total monthly income runs $1,724/mo, and annual cash flow reaches $694/yr on $83,207 cash to close. Return on cash invested measures 20.74% in year one, and rental yield registers 8.24% at a $251,000 basis. Equity gained on principal adds $1,620/yr, and annual property appreciation at 5% supports $69,347 by year five. Five-year ROI tracks 107.89% and total cumulative return in cash totals $89,772. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,724/mo property income relative to a $1,229/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33486, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,073 (100%) |
| Owner Occupied HU | 6,734 (74.2%) |
| Renter Occupied HU | 1,860 (20.5%) |
| Vacant Housing Units | 479 ( 5.3%) |
| Median Home Value | $679,416 |
| Average Home Value | $799,851 |
Housing Distribution
Address Breakdown
Residential
9,254
Single Family
7,803
Multi-Family
1,451
Businesses
351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Kelly • Real Estate Sales Force
Mls Name: BeachesMLS
Mls ID: #RX-11150798