4600 S Ocean Boulevard #703Highland BeachFL33487
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 4600 S Ocean Boulevard #703, Highland Beach, FL, 33487 in Highland Beach achieves a 1.58 ratio at $675,000: $4,794/mo rent versus $3,035/mo debt service. Rental yield 8.52%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.52% yield compounds alongside 5% annual appreciation projecting $186,490 in value. Total projected cumulative return: $173,076.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.5% |
| Monthly Cash Flow | $(1,426) | $1,500 |
City averages based on Highland Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,794 |
| Total Monthly Debt Service | $5,952 |
| DSCR Ratio | 0.81x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1982
N/A lot
$N/A/sqft
$1,599 monthly 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 1982
N/A lot
$N/A/sqft
$1,599 monthly 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