117 Via De Casas NorteBoynton BeachFL33426
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
Rental property for sale in Boynton Beach at 117 Via De Casas Norte, Boynton Beach, FL, 33426 priced at $289,118 converts $2,281/mo rent into $362/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,281/mo, and annual cash flow totals $4,349/yr on $95,843 invested. Return on cash invested prints 24.45% in year one, and rental yield reads 9.47% against a $289,118 entry. Equity gained on principal adds $1,866/yr, while 5% annual appreciation compiles into $79,878 by year five. Five-year ROI reaches 127.78% and total cumulative return in cash sums $122,463. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,281/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Condo
Built in 1989
365 sqft 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: Tish Wingo • Orchid Realty
Mls Name: BeachesMLS
Mls ID: #RX-11149224