4001 N Ocean Blvd UNIT 1007-BBoca RatonFL33431
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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 4001 N Ocean Blvd UNIT 1007-B, Boca Raton, FL, 33431 listed at $998,000 pairs $6,194/mo rent with a $4,885/mo payment. Total monthly income runs $6,194/mo. Return on cash invested measures 12.59% in year one, and rental yield registers 7.45% at a $998,000 basis. Equity gained on principal adds $6,440/yr, and annual property appreciation at 5% supports $275,729 by year five. Five-year ROI tracks 66.28% and total cumulative return in cash totals $217,632. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,194/mo property income relative to a $4,885/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
N/A lot
$N/A/sqft
$1,615 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33431, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,292 (100%) |
| Owner Occupied HU | 5,086 (61.3%) |
| Renter Occupied HU | 1,853 (22.3%) |
| Vacant Housing Units | 1,353 (16.3%) |
| Median Home Value | $697,749 |
| Average Home Value | $811,277 |
Housing Distribution
Address Breakdown
Residential
8,646
Single Family
5,148
Multi-Family
3,498
Businesses
2,537
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Listed by: Nancy Ghen • Coldwell Banker/BR
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10970619
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.