23301 Barlake Drive #23Boca RatonFL33433
INVESTMENT ANALYSIS
Investment Verdict
Solid Income23301 Barlake Drive #23, Boca Raton, FL, 33433 in Boca Raton earns a respectable 8.18% gross yield at $320,000, but after the $1,439/mo mortgage the net cash flow is $57/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.52) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $88,410 over five years, making equity the dominant return driver. Total projected return: $125,660.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 4.5% |
| Monthly Cash Flow | $57 | $1,200 |
City averages based on Boca Raton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,181 |
| Total Monthly Debt Service | $1,996 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1984
2,243 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1984
2,243 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaqueline Andrade • Realty Home Advisors Inc
Mls Name: BeachesMLS
Mls ID: #RX-11134334