11585 Pallas DriveBoynton 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 11585 Pallas Drive, Boynton Beach, FL, 33437 uses $165,419 cash to close to unlock $15,131/yr annual cash flow and $1,261/mo monthly cash flow. Total monthly income runs $4,572/mo, and a $2,442/mo payment keeps the spread at $1,261/mo. Purchase price stands at $499,000, and rental yield measures 10.99% with $4,572/mo rent. Return on cash invested shows 29.06% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 152.47% and total cumulative return in cash records $252,210. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,572/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 1998
5,107 sqft 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: Randi Ellen Halpern • Lang Realty - Boynton Beach
Mls Name: BeachesMLS
Mls ID: #RX-11155203