400 Scotia Drive #303HypoluxoFL33462
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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 Hypoluxo at 400 Scotia Drive #303, Hypoluxo, FL, 33462 uses $112,379 cash to close to unlock $8,371/yr annual cash flow and $698/mo monthly cash flow. Total monthly income runs $2,947/mo, and a $1,659/mo payment keeps the spread at $698/mo. Purchase price stands at $339,000, and rental yield measures 10.43% with $2,947/mo rent. Return on cash invested shows 27.36% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 143.38% and total cumulative return in cash records $161,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,947/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33462, Lake Worth, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,778 (100%) |
| Owner Occupied HU | 8,313 (49.5%) |
| Renter Occupied HU | 5,805 (34.6%) |
| Vacant Housing Units | 2,660 (15.9%) |
| Median Home Value | $443,156 |
| Average Home Value | $566,185 |
Housing Distribution
Address Breakdown
Residential
14,984
Single Family
9,612
Multi-Family
5,372
Businesses
806
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