2247 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
Rental property for sale in Boca Raton at 2247 NW 62nd Drive, Boca Raton, FL, 33496 generates $7,032/mo in rent and, after a $2,643/mo payment, leaves $2,614/mo in cash flow. Total monthly income is $7,032/mo, and annual cash flow is $31,364/yr on $177,627 invested. Return on cash invested sits at 37.72% in year one, and rental yield is 15.63% on a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation builds toward $149,164 over five years. Five-year ROI reaches 200.95% and total cumulative return in cash sums $356,935. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,032/mo property income rather than buyer’s personal income.
Townhouse
Built in 1992
4,356 sqft lot
$N/A/sqft
$835 monthly 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: Allyson Mahler • Lang Realty/ BR
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11036863
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.