417 NW 2nd StBoynton BeachFL33435
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 417 NW 2nd St, Boynton Beach, FL, 33435 in Boynton Beach: $3,398/mo in rent, $841/mo net, 10.58% gross yield, all on a $385,300 acquisition. The 1.96 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $106,451 in value, and $3,549/yr in principal paydown steadily builds equity. Projected total cumulative return: $200,934.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 5.6% |
| Monthly Cash Flow | $841 | $400 |
City averages based on Boynton Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,398 |
| Total Monthly Debt Service | $2,404 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1956
6,107 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33435, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,332 (100%) |
| Owner Occupied HU | 10,000 (49.2%) |
| Renter Occupied HU | 6,447 (31.7%) |
| Vacant Housing Units | 3,885 (19.1%) |
| Median Home Value | $410,238 |
| Average Home Value | $555,924 |
Housing Distribution
Address Breakdown
Residential
18,033
Single Family
9,774
Multi-Family
8,259
Businesses
777
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1956
6,107 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33435, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,332 (100%) |
| Owner Occupied HU | 10,000 (49.2%) |
| Renter Occupied HU | 6,447 (31.7%) |
| Vacant Housing Units | 3,885 (19.1%) |
| Median Home Value | $410,238 |
| Average Home Value | $555,924 |
Housing Distribution
Address Breakdown
Residential
18,033
Single Family
9,774
Multi-Family
8,259
Businesses
777
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A