2898 SE 1st PlaceBoynton BeachFL33435
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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 Boynton Beach at 2898 SE 1st Place, Boynton Beach, FL, 33435 earns $204/mo cash flow from $3,688/mo rent with a $2,570/mo payment. Total monthly income totals $3,688/mo, and annual cash flow totals $2,443/yr on $172,725 capital. ROI tracks 21.47% on current figures, and rental yield reads 8.43% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 111.8% and total cumulative return in cash sums $193,113. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,688/mo property income instead of your personal income.
Single Family
Built in 1959
7,864 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33435, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,332 (100%) |
| Owner Occupied HU | 10,000 (49.2%) |
| Renter Occupied HU | 6,447 (31.7%) |
| Vacant Housing Units | 3,885 (19.1%) |
| Median Home Value | $410,238 |
| Average Home Value | $555,924 |
Housing Distribution
Address Breakdown
Residential
18,033
Single Family
9,774
Multi-Family
8,259
Businesses
777
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Listed by: Rachael G Pantelakis • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls ID: #RX-11114361