3400 S Ocean Boulevard UNIT 3jHighland 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 3400 S Ocean Boulevard UNIT 3j, Highland Beach, FL, 33487 offers a 14.89% rental yield on a $599,000 purchase with $7,434/mo rent. Total monthly income registers $7,434/mo, and a $2,932/mo payment leaves $1,654/mo available for distribution. Annual cash flow reaches $19,852/yr on $197,071 to close, and return on cash invested stands at 30.13% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 162.22% and total cumulative return in cash at $319,690. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,434/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
$1,733 monthly 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: Marie Caradonna • Coldwell Banker Realty /Delray Beach
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11028294
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.