241 NW 15th StreetBoca 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
Investment property for sale in Boca Raton at 241 NW 15th Street, Boca Raton, FL, 33432 uses $140,888 cash to close to unlock $4,077/yr annual cash flow and $340/mo monthly cash flow. Total monthly income runs $3,160/mo, and a $2,080/mo payment keeps the spread at $340/mo. Purchase price stands at $425,000, and rental yield measures 8.92% with $3,160/mo rent. Return on cash invested shows 22.8% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 118.95% and total cumulative return in cash records $167,585. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,160/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1978
2,213 sqft lot
$N/A/sqft
No 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: Dennis R O'Brien • RE/MAX Services
Mls Name: BeachesMLS
Mls ID: #RX-11153874