2304 Renaissance Way #304Boynton BeachFL33426
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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 2304 Renaissance Way #304, Boynton Beach, FL, 33426 generates $1,610/mo in rent and, after a $1,165/mo payment, leaves $30/mo in cash flow. Total monthly income is $1,610/mo, and annual cash flow is $366/yr on $78,897 invested. Return on cash invested sits at 20.37% in year one, and rental yield is 8.12% on a $238,000 entry. Equity gained on principal adds $1,536/yr, while 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 105.95% and total cumulative return in cash sums $83,590. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,610/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33426, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,164 (100%) |
| Owner Occupied HU | 6,843 (52.0%) |
| Renter Occupied HU | 5,168 (39.3%) |
| Vacant Housing Units | 1,153 ( 8.8%) |
| Median Home Value | $362,395 |
| Average Home Value | $407,459 |
Housing Distribution
Address Breakdown
Residential
13,066
Single Family
8,130
Multi-Family
4,936
Businesses
1,444
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Listed by: Joseph Sweeney • Renaissance Commons Realty
Mls Name: BeachesMLS
Mls ID: #RX-11146348