3740 S Ocean Boulevard #706Highland 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 3740 S Ocean Boulevard #706, Highland Beach, FL, 33487 listed at $1,645,000 pairs $9,239/mo rent with a $8,051/mo payment. Total monthly income runs $9,239/mo. Return on cash invested measures 16.59% in year one, and rental yield registers 6.74% at a $1,645,000 basis. Equity gained on principal adds $10,615/yr, and annual property appreciation at 5% supports $454,483 by year five. Five-year ROI tracks 85.56% and total cumulative return in cash totals $456,019. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,239/mo property income relative to a $8,051/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A 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: Nancy Ghen • Coldwell Banker/BR
Mls Name: BeachesMLS
Mls ID: #RX-11106550