3700 S Ocean Boulevard #307Highland 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 3700 S Ocean Boulevard #307, Highland Beach, FL, 33487 earns from $8,626/mo rent with a $6,118/mo payment. Total monthly income totals $8,626/mo. ROI tracks 12.25% on current figures, and rental yield reads 8.28% at a $1,250,000 purchase. Equity gained on principal adds $8,066/yr, and 5% annual appreciation supports $345,352 over five years. Five-year ROI reaches 65.56% and total cumulative return in cash sums $265,513. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $8,626/mo property income instead of your personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
$3,026 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: Mayra Stern • Stern Realty Co
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11034080
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.