2016 S Federal Highway #E408Boynton BeachFL33435
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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 Boynton Beach at 2016 S Federal Highway #E408, Boynton Beach, FL, 33435 generates $1,651/mo in rent and, after a $1,121/mo payment, leaves $131/mo in cash flow. Total monthly income is $1,651/mo, and annual cash flow is $1,574/yr on $75,914 invested. Return on cash invested sits at 21.98% in year one, and rental yield is 8.65% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 114.61% and total cumulative return in cash sums $87,005. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,651/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: 33435, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,332 (100%) |
| Owner Occupied HU | 10,000 (49.2%) |
| Renter Occupied HU | 6,447 (31.7%) |
| Vacant Housing Units | 3,885 (19.1%) |
| Median Home Value | $410,238 |
| Average Home Value | $555,924 |
Housing Distribution
Address Breakdown
Residential
18,033
Single Family
9,774
Multi-Family
8,259
Businesses
777
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Listed by: Maria Costa • CENTURY 21 Tenace Realty
Mls Name: BeachesMLS
Mls ID: #RX-11140661