311 E Ocean Avenue #102LantanaFL33462
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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 Lantana at 311 E Ocean Avenue #102, Lantana, FL, 33462 uses $158,789 cash to close to unlock $2,613/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $3,396/mo, and a $2,344/mo payment keeps the spread at $218/mo. Purchase price stands at $479,000, and rental yield measures 8.51% with $3,396/mo rent. Return on cash invested shows 21.55% in year one, and 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 112.25% and total cumulative return in cash records $178,239. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,396/mo property income covering a $2,344/mo payment rather than investor’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33462, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,778 (100%) |
| Owner Occupied HU | 8,313 (49.5%) |
| Renter Occupied HU | 5,805 (34.6%) |
| Vacant Housing Units | 2,660 (15.9%) |
| Median Home Value | $443,156 |
| Average Home Value | $566,185 |
Housing Distribution
Address Breakdown
Residential
14,984
Single Family
9,612
Multi-Family
5,372
Businesses
806
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