2224 NW 62nd DriveBoca RatonFL33496
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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 2224 NW 62nd Drive, Boca Raton, FL, 33496 listed at $725,000 pairs $8,153/mo rent with a $3,549/mo payment to leave $3,341/mo cash flow. Total monthly income runs $8,153/mo, and annual cash flow reaches $40,095/yr on $238,525 cash to close. Return on cash invested measures 36.87% in year one, and rental yield registers 13.49% at a $725,000 basis. Equity gained on principal adds $4,678/yr, and annual property appreciation at 5% supports $200,304 by year five. Five-year ROI tracks 194.36% and total cumulative return in cash totals $463,601. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,153/mo property income relative to a $3,549/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1989
5,297 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33496, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,328 (100%) |
| Owner Occupied HU | 10,062 (75.5%) |
| Renter Occupied HU | 1,751 (13.1%) |
| Vacant Housing Units | 1,515 (11.4%) |
| Median Home Value | $825,092 |
| Average Home Value | $1,041,364 |
Housing Distribution
Address Breakdown
Residential
12,941
Single Family
10,553
Multi-Family
2,388
Businesses
203
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Listed by: Brian P Battaglia • Lang Realty/ BR
Mls Name: BeachesMLS
Mls ID: #RX-11149640