3912 S Ocean Boulevard #605Highland 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
Total monthly income runs $5,696/mo, and a $7,337/mo payment. Purchase price stands at $1,499,000, and rental yield measures 4.56% with $5,696/mo rent. Return on cash invested shows 9.86% in year one, and 5% annual appreciation builds toward $414,146 over five years. Five-year ROI reaches 49.48% and total cumulative return in cash records $240,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,696/mo property income covering a $7,337/mo payment rather than investor’s personal income.
Condo
Built in 1976
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: Mickel Averick • The Corcoran Group
Mls Name: BeachesMLS
Mls ID: #RX-11152694