2001 N Ocean Boulevard #301Boca RatonFL33431
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
Total monthly income runs $4,244/mo, and a $5,384/mo payment. Purchase price stands at $1,100,000, and rental yield measures 4.63% with $4,244/mo rent. Return on cash invested shows 10.08% in year one, and 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 50.65% and total cumulative return in cash records $180,511. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,244/mo property income covering a $5,384/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33431, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,292 (100%) |
| Owner Occupied HU | 5,086 (61.3%) |
| Renter Occupied HU | 1,853 (22.3%) |
| Vacant Housing Units | 1,353 (16.3%) |
| Median Home Value | $697,749 |
| Average Home Value | $811,277 |
Housing Distribution
Address Breakdown
Residential
8,646
Single Family
5,148
Multi-Family
3,498
Businesses
2,537
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jorge L Nunez • United Realty Group, Inc
Mls Name: BeachesMLS
Mls ID: #RX-11153968