2374 NW 23rd RoadBoca RatonFL33434
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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 2374 NW 23rd Road, Boca Raton, FL, 33434 offers a 5.77% rental yield on a $1,149,000 purchase with $5,526/mo rent. 6% in year one. Equity gained on principal adds $7,414/yr while 5% annual appreciation supports $317,448 over five years. Portfolio math shows five-year ROI at 69.53% and total cumulative return in cash at $258,835. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,526/mo property income against a $5,624/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33434, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,941 (100%) |
| Owner Occupied HU | 9,183 (65.9%) |
| Renter Occupied HU | 2,078 (14.9%) |
| Vacant Housing Units | 2,680 (19.2%) |
| Median Home Value | $469,187 |
| Average Home Value | $558,887 |
Housing Distribution
Address Breakdown
Residential
12,907
Single Family
5,924
Multi-Family
6,983
Businesses
584
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Listed by: Laurie Dubow • Signature Paradise Realty Int'l
Mls Name: BeachesMLS
Mls ID: #RX-11105603