243 Bay Colony Drive NJuno BeachFL33408
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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 Juno Beach at 243 Bay Colony Drive N, Juno Beach, FL, 33408 with 5% annual appreciation on a $450,000 basis while $3,019/mo rent supports operations. Total monthly income totals $3,019/mo and a $2,203/mo payment preserves $32/mo for cash returns. Annual cash flow comes to $387/yr on $149,175 deployed, and return on cash invested reaches 20.17% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 8.05%. Five-year ROI measures 104.84% and total cumulative return in cash totals $156,390.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,019/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1995
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33408, North Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 7,367 (58.0%) |
| Renter Occupied HU | 2,617 (20.6%) |
| Vacant Housing Units | 2,707 (21.3%) |
| Median Home Value | $702,045 |
| Average Home Value | $877,462 |
Housing Distribution
Address Breakdown
Residential
11,371
Single Family
5,958
Multi-Family
5,413
Businesses
1,371
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Listed by: Carla Ann Christenson • One Sotheby's International Re
Mls Name: BeachesMLS
Mls ID: #RX-11150601