350 N Federal Hwy 506 Highway N #506Boynton 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
Rental property for sale in Boynton Beach at 350 N Federal Hwy 506 Highway N #506, Boynton Beach, FL, 33435 generates $3,703/mo in rent and, after a $2,075/mo payment, leaves $890/mo in cash flow. Total monthly income is $3,703/mo, and annual cash flow is $10,674/yr on $140,556 invested. Return on cash invested sits at 27.5% in year one, and rental yield is 10.48% on a $423,999 entry. Equity gained on principal adds $2,736/yr, while 5% annual appreciation builds toward $117,143 over five years. Five-year ROI reaches 144.17% and total cumulative return in cash sums $202,635. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,703/mo property income rather than buyer’s personal income.
Condo
Built in 2010
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: Roberta S Mann • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls ID: #RX-11092570