12363 Landrum WayBoynton 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
Rental property for sale in Boynton Beach at 12363 Landrum Way, Boynton Beach, FL, 33437 generates $5,060/mo in rent and, after a $2,447/mo payment, leaves $737/mo in cash flow. Total monthly income is $5,060/mo, and annual cash flow is $8,845/yr on $165,750 invested. Return on cash invested sits at 25.25% in year one, and rental yield is 12.14% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 134.69% and total cumulative return in cash sums $223,256. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,060/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
6,410 sqft lot
$N/A/sqft
$653 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-08 | Listed for sale | $500,000 |
| 2004-10-20 | Sold | $294,875 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-14 | $8677.00 | 28.93% | $502,011 | 34.16% |
| 2022-11-14 | $6730.00 | 57.43% | $374,184 | 42.30% |
| 2021-11-14 | $4275.00 | 0.80% | $262,960 | 1.40% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2004
- Architectural Style: Mediterranean
- Building Area: 3,040
- Living Area: 2,377 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: Carpet, Tile
- Interior Features: Ctdrl/Vault Ceilings, Entry Lvl Lvng Area, Entrance Foyer, Kitchen Island, Pantry, Roman Tub, Split Bedroom, Volume Ceiling, Walk-In Closet(s)
- Exterior Features: Auto Sprinkler, Lake/Canal Sprinkler, Room for Pool, Zoned Sprinkler
- Parking Features: 2+ Spaces, Driveway, Garage - Attached, Vehicle Restrictions, Auto Garage Open, Commercial Vehicles Prohibited, Maximum # Vehicles
Location
- City: Boynton Beach
- State: FL
- Subdivision: Avalon Estates
- Lot Size: 6,410 sqft
- Lot Features: < 1/4 Acre
- View: Garden
HOA & Fees
- HOA Fee: $653 monthly
- Association Fee: $653 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Cable TV, Common Areas, Common R.E. Tax, Maintenance Grounds, Management Fees, Manager, Reserve Funds, Security, Trash
Utilities
- Utilities: Cable Connected, Electricity Connected, Water Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Monty Norton • Keller Williams Realty Boca Raton
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11035238
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.