1802 Ocean Drive #112Boynton 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 1802 Ocean Drive #112, Boynton Beach, FL, 33426 generates $1,349/mo in rent and, after a $822/mo payment, leaves $235/mo in cash flow. Total monthly income is $1,349/mo, and annual cash flow is $2,815/yr on $55,659 invested. Return on cash invested sits at 24.97% in year one, and rental yield is 9.64% on a $167,900 entry. Equity gained on principal adds $1,083/yr, while 5% annual appreciation builds toward $46,388 over five years. Five-year ROI reaches 130.58% and total cumulative return in cash sums $72,682. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,349/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A 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: Kathleen Clarke • RE/MAX Direct
Mls Name: BeachesMLS
Mls ID: #RX-11147652