18290 Covina Way #ABoca RatonFL33498
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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 18290 Covina Way #A, Boca Raton, FL, 33498 listed at $390,000 pairs $2,704/mo rent with a $1,909/mo payment to leave $116/mo cash flow. Total monthly income runs $2,704/mo, and annual cash flow reaches $1,389/yr on $129,285 cash to close. Return on cash invested measures 20.98% in year one, and rental yield registers 8.32% at a $390,000 basis. Equity gained on principal adds $2,517/yr, and annual property appreciation at 5% supports $107,750 by year five. Five-year ROI tracks 109.2% and total cumulative return in cash totals $141,176. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,704/mo property income relative to a $1,909/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
2,113 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33498, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,791 (100%) |
| Owner Occupied HU | 5,194 (89.7%) |
| Renter Occupied HU | 384 ( 6.6%) |
| Vacant Housing Units | 213 ( 3.7%) |
| Median Home Value | $641,423 |
| Average Home Value | $700,698 |
Housing Distribution
Address Breakdown
Residential
5,720
Single Family
5,720
Multi-Family
0
Businesses
238
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Listed by: Melanie G Wolf • Realty Home Advisors Inc
Mls Name: BeachesMLS
Mls ID: #RX-11157327