3720 S Ocean Boulevard #101bBoca 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
Investment property for sale in Boca Raton at 3720 S Ocean Boulevard #101b, Boca Raton, FL, 33487 uses $246,750 cash to close to unlock $9,297/yr annual cash flow and $775/mo monthly cash flow. Total monthly income runs $8,146/mo, and a $3,671/mo payment keeps the spread at $775/mo. Purchase price stands at $750,000, and rental yield measures 13.03% with $8,146/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 128.63% and total cumulative return in cash records $317,406. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,146/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$2,394 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-11085256
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 2025 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.