11264 Island Lakes LaneBoca RatonFL33498
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 11264 Island Lakes Lane, Boca Raton, FL, 33498 earns $1,030/mo cash flow from $7,469/mo rent with a $4,601/mo payment. Total monthly income totals $7,469/mo, and annual cash flow totals $12,358/yr on $309,260 capital. ROI tracks 24.06% on current figures, and rental yield reads 9.53% at a $940,000 purchase. Equity gained on principal adds $6,066/yr, and 5% annual appreciation supports $259,705 over five years. Five-year ROI reaches 125.92% and total cumulative return in cash sums $389,406. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,469/mo property income instead of your personal income.
Single Family
Built in 1988
10,201 sqft lot
$N/A/sqft
$201 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33498, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,791 (100%) |
| Owner Occupied HU | 5,194 (89.7%) |
| Renter Occupied HU | 384 ( 6.6%) |
| Vacant Housing Units | 213 ( 3.7%) |
| Median Home Value | $641,423 |
| Average Home Value | $700,698 |
Housing Distribution
Address Breakdown
Residential
5,720
Single Family
5,720
Multi-Family
0
Businesses
238
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Listed by: Jessica Duncan • LPT Realty, LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11025151
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.