3 Colonial Club Drive #300Boynton 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 3 Colonial Club Drive #300, Boynton Beach, FL, 33435 offers a 8.02% rental yield on a $284,900 purchase with $1,904/mo rent. Total monthly income registers $1,904/mo, and a $1,394/mo payment leaves $14/mo available for distribution. Annual cash flow reaches $166/yr on $94,444 to close, and return on cash invested stands at 20.08% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 104.38% and total cumulative return in cash at $98,579. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,904/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A 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: Susan Jean Horne • RE/MAX Services
Mls Name: BeachesMLS
Mls ID: #RX-11136068