247 Lake Monterey CirBoynton BeachFL33426
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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
Rental property for sale in Boynton Beach at 247 Lake Monterey Cir, Boynton Beach, FL, 33426 priced at $355,000 converts $3,176/mo rent into $820/mo cash flow after a $1,738/mo obligation. Total monthly income equals $3,176/mo, and annual cash flow totals $9,837/yr on $117,683 invested. Return on cash invested prints 28.27% in year one, and rental yield reads 10.74% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 148.25% and total cumulative return in cash sums $174,468. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,176/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Townhouse
Built in 2007
1,593 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33426, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,164 (100%) |
| Owner Occupied HU | 6,843 (52.0%) |
| Renter Occupied HU | 5,168 (39.3%) |
| Vacant Housing Units | 1,153 ( 8.8%) |
| Median Home Value | $362,395 |
| Average Home Value | $407,459 |
Housing Distribution
Address Breakdown
Residential
13,066
Single Family
8,130
Multi-Family
4,936
Businesses
1,444
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Listed by: Michelle Paez • SILVER DOOR REALTY LLC
Mls Name: Stellar MLS
Mls ID: #TB8470005