23077 Addison Lakes Circle, Boca Raton, FL, 33433 | $934/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Boca Raton at 23077 Addison Lakes Circle, Boca Raton, FL, 33433 generates $4,252/mo in rent and, after a $2,447/mo payment, leaves $934/mo in cash flow. Total monthly income is $4,252/mo, and annual cash flow is $11,210/yr on $165,750 invested. Return on cash invested sits at 26.67% in year one, and rental yield is 10.2% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 139.71% and total cumulative return in cash sums $231,572. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,252/mo property income rather than buyer’s personal income.

Single Family

Built in 2002

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully maintained & updated corner villa with sparkling lake views in the gated community of Addison Lakes. Eat-in kitchen recently remodeled w/white shaker cabinets, quartz counters, tile backsplash, under cabinet lighting, HIGH ceilings, two pantries & stainless steel appliances. Master Suite w/high ceilings and spacious walk-in closet has an elegant Master Bath recently remodeled w/grey double vanity, soaking tub+ separate shower w/seamless enclosure. Tile throughout. Interior laundry room w/cabinets & sink. NEW roof just installed & assessment has been paid in full. Community pool, fitness area, cable, lawn/landscaping included in low HOA fee. Association states 55+ but allows 20% younger. ALL AGES OVER 19 are welcome. Association approval required. Allow 15 -30 days. ANSWERS TO FREQUENTLY ASKED QUESTIONS + Things You Should Know: * BRAND NEW roof just completed. Assessment is paid in full. * AC - 2015. Compressor & coils have been replaced. * Water heater 2023. * Storm Protection: Impact windows, sliders & front door. Accordion shutters too. * AT&T fiber optics available for TV and Internet. * Association states 55+ HOWEVER - 20% of the homes in the community may be owned/occupied by ages UNDER 55 and OVER 19. * Pets are allowed with the following regulations: No aggressive breeds or pitbulls. Maximum weight per pet is 40 lbs. Maximum two pets. * Association approval & interview required. $250 per applicant or married couple. Please allow at least 15 days for approval process. * Rentals are permitted after 1 year of ownership. One rental per calendar year for a minimum of 12 months. * Homeowners are responsible for their own insurance. * Association cleans the roofs periodically, however, each owner is responsible for repairs and replacement. * Monthly association fee of $375 includes cable, alarm, security gate, lawn/landscaping, community pool, clubhouse & fitness. * No commercial vehicles, boats RV's or trailers allowed. No overnight street parking. Plenty of guest parking available. Conveniently located to the Florida Turnpike, County Library, shopping, restaurants, parks, UPTOWN BOCA w/Whole Foods, many restaurants and shops and Town Center Mall.