2871 N Ocean Blvd APT V549Boca RatonFL33431
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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 $3,558/mo, and a $4,895/mo payment. Purchase price stands at $1,000,000, and rental yield measures 4.27% with $3,558/mo rent. Return on cash invested shows 1.11% in year one, and 5% annual appreciation builds toward $276,282 over five years. Five-year ROI reaches 5.39% and total cumulative return in cash records $17,740. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,558/mo property income covering a $4,895/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$2,117 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33431, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,292 (100%) |
| Owner Occupied HU | 5,086 (61.3%) |
| Renter Occupied HU | 1,853 (22.3%) |
| Vacant Housing Units | 1,353 (16.3%) |
| Median Home Value | $697,749 |
| Average Home Value | $811,277 |
Housing Distribution
Address Breakdown
Residential
8,646
Single Family
5,148
Multi-Family
3,498
Businesses
2,537
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Listed by: Ricky Kallabat PA • Keller Williams Capital Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11697762
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