4505 S Ocean Boulevard #303Highland BeachFL33487
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 4505 S Ocean Boulevard #303, Highland Beach, FL, 33487 in Highland Beach at $518,000. Rental yield 7.61%. The 7.61% yield and 1.41 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $143,114 by year five, and $4,771/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $187,630.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 6.5% |
| Monthly Cash Flow | $(1,754) | $1,500 |
City averages based on Highland Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,285 |
| Total Monthly Debt Service | $3,231 |
| DSCR Ratio | 1.02x |
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.
Condo
Built in 1974
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
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
Condo
Built in 1974
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fred DeFalco • 920 Real Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11163631