233 S Federal Hwy APT 313Boca RatonFL33432
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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
Total monthly income runs $4,705/mo, and a $3,103/mo payment. Purchase price stands at $634,000, and rental yield measures 8.91% with $4,705/mo rent. Return on cash invested shows 14.53% in year one, and 5% annual appreciation builds toward $175,163 over five years. Five-year ROI reaches 77.6% and total cumulative return in cash records $161,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,705/mo property income covering a $3,103/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$1,323 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33432, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,928 (100%) |
| Owner Occupied HU | 7,342 (43.4%) |
| Renter Occupied HU | 5,700 (33.7%) |
| Vacant Housing Units | 3,886 (23.0%) |
| Median Home Value | $941,593 |
| Average Home Value | $1,118,234 |
Housing Distribution
Address Breakdown
Residential
13,710
Single Family
4,102
Multi-Family
9,608
Businesses
1,907
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Listed by: Jonathan Gelpey LLC • Star Bay Realty Corp.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11538101
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.