3114 S Ocean Boulevard #409Highland BeachFL33487
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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 Highland Beach at 3114 S Ocean Boulevard #409, Highland Beach, FL, 33487 listed at $579,000 pairs $5,188/mo rent with a $2,834/mo payment to leave $1,346/mo cash flow. Total monthly income runs $5,188/mo, and annual cash flow reaches $16,147/yr on $190,491 cash to close. Return on cash invested measures 28.54% in year one, and rental yield registers 10.75% at a $579,000 basis. Equity gained on principal adds $3,736/yr, and annual property appreciation at 5% supports $159,967 by year five. Five-year ROI tracks 149.67% and total cumulative return in cash totals $285,115. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,188/mo property income relative to a $2,834/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33487, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,620 (100%) |
| Owner Occupied HU | 7,486 (51.2%) |
| Renter Occupied HU | 3,846 (26.3%) |
| Vacant Housing Units | 3,288 (22.5%) |
| Median Home Value | $691,045 |
| Average Home Value | $878,616 |
Housing Distribution
Address Breakdown
Residential
11,941
Single Family
5,940
Multi-Family
6,001
Businesses
1,423
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Listed by: Lisa Stone • Engel & Voelkers Delray Beach
Mls Name: BeachesMLS
Mls ID: #RX-11144557