17 Royal Palm Way #504Boca RatonFL33432
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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 17 Royal Palm Way #504, Boca Raton, FL, 33432 earns $141/mo cash flow from $1,799/mo rent with a $1,223/mo payment. Total monthly income totals $1,799/mo, and annual cash flow totals $1,689/yr on $82,842 capital. ROI tracks 21.95% on current figures, and rental yield reads 8.64% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 114.37% and total cumulative return in cash sums $94,742. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,799/mo property income instead of your personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33432, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,928 (100%) |
| Owner Occupied HU | 7,342 (43.4%) |
| Renter Occupied HU | 5,700 (33.7%) |
| Vacant Housing Units | 3,886 (23.0%) |
| Median Home Value | $941,593 |
| Average Home Value | $1,118,234 |
Housing Distribution
Address Breakdown
Residential
13,710
Single Family
4,102
Multi-Family
9,608
Businesses
1,907
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Listed by: Anthony H Petrolia • RE/MAX Services
Mls Name: BeachesMLS
Mls ID: #RX-11112287