2871 N Ocean Boulevard #R358Boca 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
Investment property for sale in Boca Raton at 2871 N Ocean Boulevard #R358, Boca Raton, FL, 33431 offers a 10.2% rental yield on a $849,900 purchase with $7,223/mo rent. Total monthly income registers $7,223/mo, and a $4,160/mo payment leaves $1,583/mo available for distribution. Annual cash flow reaches $18,993/yr on $279,617 to close, and return on cash invested stands at 26.85% in year one. Equity gained on principal adds $5,484/yr while 5% annual appreciation supports $234,812 over five years. Portfolio math shows five-year ROI at 140.63% and total cumulative return in cash at $393,230. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,223/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1967
13.73 Acres lot
$N/A/sqft
No 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: Sergio S Commisso • JSM Realty Services, Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11119943