3117 Fernwood DriveBoynton 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 3117 Fernwood Drive, Boynton Beach, FL, 33435 listed at $665,000 pairs $4,614/mo rent with a $3,255/mo payment to leave $201/mo cash flow. Total monthly income runs $4,614/mo, and annual cash flow reaches $2,409/yr on $218,785 cash to close. Return on cash invested measures 21.16% in year one, and rental yield registers 8.33% at a $665,000 basis. Equity gained on principal adds $4,291/yr, and annual property appreciation at 5% supports $183,727 by year five. Five-year ROI tracks 110.12% and total cumulative return in cash totals $240,919. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,614/mo property income relative to a $3,255/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
10,454 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: Nicholas Joyce • Posh Properties
Mls Name: BeachesMLS
Mls ID: #RX-11110409