19284 Cherry Hills TerBoca 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 19284 Cherry Hills Ter, Boca Raton, FL, 33498 offers a 7.98% rental yield on a $879,900 purchase with $5,848/mo rent. Total monthly income registers $5,848/mo, and a $4,307/mo payment leaves $9/mo available for distribution. Annual cash flow reaches $102/yr on $289,487 to close, and return on cash invested stands at 20.1% in year one. Equity gained on principal adds $5,678/yr while 5% annual appreciation supports $243,100 over five years. Portfolio math shows five-year ROI at 104.41% and total cumulative return in cash at $302,245. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,848/mo property income against a $4,307/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
8,485 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: Andrew Ferreira • Charles Rutenberg Realty FTL
Mls Name: BeachesMLS
Mls ID: #F10540443