1604 Alfred DriveBoynton BeachFL33426
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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 1604 Alfred Drive, Boynton Beach, FL, 33426 uses $91,163 cash to close to unlock $324/yr annual cash flow and $27/mo monthly cash flow. Total monthly income runs $1,852/mo, and a $1,346/mo payment keeps the spread at $27/mo. Purchase price stands at $275,000, and rental yield measures 8.08% with $1,852/mo rent. Return on cash invested shows 20.26% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 105.38% and total cumulative return in cash records $96,071. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,852/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1979
7,439 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
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Listed by: Erin Estelle Ellis • KW Innovations
Mls Name: BeachesMLS
Mls ID: #RX-11136491