2851 S Ocean Boulevard #3pBoca 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 2851 S Ocean Boulevard #3p, Boca Raton, FL, 33432 uses $179,963 cash to close to unlock $6,832/yr annual cash flow and $569/mo monthly cash flow. Total monthly income runs $4,199/mo, and a $2,677/mo payment keeps the spread at $569/mo. Purchase price stands at $547,000, and rental yield measures 9.21% with $4,199/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $151,126 over five years. Five-year ROI reaches 124.58% and total cumulative return in cash records $224,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,199/mo property income covering a $2,677/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A 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: Robert Meyer • Keller Williams Realty Services
Mls Name: BeachesMLS
Mls ID: #RX-11114366