23246 SW 61st AveBoca RatonFL33428
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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 23246 SW 61st Ave, Boca Raton, FL, 33428 offers a 6.68% rental yield on a $635,000 purchase with $3,533/mo rent. 79% in year one. Equity gained on principal adds $4,098/yr while 5% annual appreciation supports $175,439 over five years. Portfolio math shows five-year ROI at 81.48% and total cumulative return in cash at $170,216. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,533/mo property income against a $3,108/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
5,998 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33428, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,565 (100%) |
| Owner Occupied HU | 11,440 (65.1%) |
| Renter Occupied HU | 5,099 (29.0%) |
| Vacant Housing Units | 1,026 ( 5.8%) |
| Median Home Value | $533,805 |
| Average Home Value | $573,475 |
Housing Distribution
Address Breakdown
Residential
17,161
Single Family
11,637
Multi-Family
5,524
Businesses
422
Price History
Date | Event | Price |
|---|---|---|
| 2025-09-12 | Sold | $635,000 |
| 2025-07-10 | Pending sale | $665,000 |
| 2025-06-07 | Listed for sale | $665,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $6393.00 | 3.88% | $339,668 | 10.00% |
| 2023-10-18 | $6154.00 | 10.48% | $308,789 | 10.00% |
| 2022-10-18 | $5570.00 | 11.87% | $280,717 | 10.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1983
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,488 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: Ceramic Tile
- Interior Features: First Floor Entry
- Exterior Features: Lighting
- Parking Features: Driveway, Garage Door Opener
Location
- City: Boca Raton
- State: FL
- Subdivision: Sandalfoot Cove Sec 11
- Lot Size: 5,998 sqft
- Lot Features: Less Than 1/4 Acre Lot
- View: None
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Mauricio Doche • Agent Plus Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10507869
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 2025 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.