2315 N Congress Avenue UNIT 13Boynton BeachFL33436
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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 2315 N Congress Avenue UNIT 13, Boynton Beach, FL, 33436 generates $2,423/mo in rent and, after a $959/mo payment, leaves $471/mo in cash flow. Total monthly income is $2,423/mo, and annual cash flow is $5,650/yr on $64,974 invested. Return on cash invested sits at 28.6% in year one, and rental yield is 14.83% on a $196,000 entry. Equity gained on principal adds $1,265/yr, while 5% annual appreciation builds toward $54,151 over five years. Five-year ROI reaches 154.42% and total cumulative return in cash sums $100,332. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,423/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$496 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33436, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,243 (100%) |
| Owner Occupied HU | 14,249 (64.1%) |
| Renter Occupied HU | 5,015 (22.5%) |
| Vacant Housing Units | 2,979 (13.4%) |
| Median Home Value | $453,483 |
| Average Home Value | $521,819 |
Housing Distribution
Address Breakdown
Residential
21,663
Single Family
16,573
Multi-Family
5,090
Businesses
458
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Listed by: Rolly Mouchaty • Compass Florida LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10975217
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.