363 Glouchester StreetBoca RatonFL33487
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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 Boca Raton at 363 Glouchester Street, Boca Raton, FL, 33487 priced at $698,000 converts $2,398/mo rent into after a $3,416/mo obligation. Total monthly income equals $2,398/mo. Return on cash invested prints 8.39% in year one, and rental yield reads 4.12% against a $698,000 entry. Equity gained on principal adds $4,504/yr, while 5% annual appreciation compiles into $192,845 by year five. Five-year ROI reaches 41.63% and total cumulative return in cash sums $95,604. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,398/mo property income covering a $3,416/mo payment, not borrower’s personal income.
Single Family
Built in 1954
7,035 sqft 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: Theresa M Larsen • William Raveis Real Estate
Mls Name: BeachesMLS
Mls ID: #RX-11152327