244 Suffolk Dr #244-FBoca 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
Total monthly income runs $872/mo, and a $560/mo payment. Purchase price stands at $114,500, and rental yield measures 9.14% with $872/mo rent. Return on cash invested shows 6.65% in year one, and 5% annual appreciation builds toward $31,634 over five years. Five-year ROI reaches 38.5% and total cumulative return in cash records $14,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $872/mo property income covering a $560/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$532 monthly 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: Alexi Altuve • The Keyes Company
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11675549
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.