20 Royal Palm #202Boca 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
Rental property for sale in Boca Raton at 20 Royal Palm #202, Boca Raton, FL, 33432 generates $2,200/mo in rent and, after a $1,615/mo payment, leaves $10/mo in cash flow. Total monthly income is $2,200/mo, and annual cash flow is $123/yr on $109,395 invested. Return on cash invested sits at 20.02% in year one, and rental yield is 8% on a $329,999 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 104.07% and total cumulative return in cash sums $113,842. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,200/mo property income rather than buyer’s personal income.
Condo
Built in 1980
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: Sharon Allen • The Cove Guspav Realty
Mls Name: BeachesMLS
Mls ID: #F10515847