1643 Bridgewood Drive UNIT 1643Boca RatonFL33434
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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 Boca Raton at 1643 Bridgewood Drive UNIT 1643, Boca Raton, FL, 33434 uses $49,725 cash to close to unlock $49,653/yr annual cash flow and $4,138/mo monthly cash flow. Total monthly income runs $5,723/mo, and a $734/mo payment keeps the spread at $4,138/mo. Purchase price stands at $150,000, and rental yield measures 45.78% with $5,723/mo rent. Return on cash invested shows 119.76% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 644.07% and total cumulative return in cash records $320,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,723/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$590 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33434, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,941 (100%) |
| Owner Occupied HU | 9,183 (65.9%) |
| Renter Occupied HU | 2,078 (14.9%) |
| Vacant Housing Units | 2,680 (19.2%) |
| Median Home Value | $469,187 |
| Average Home Value | $558,887 |
Housing Distribution
Address Breakdown
Residential
12,907
Single Family
5,924
Multi-Family
6,983
Businesses
584
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Listed by: Alexander Alpern • Lang Realty/ BR
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10988610
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.