500 SW 2nd Ave #1200Boca RatonFL33432
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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
Rental property for sale in Boca Raton at 500 SW 2nd Ave #1200, Boca Raton, FL, 33432 generates $2,455/mo in rent and, after a $840/mo payment, leaves $969/mo in cash flow. Total monthly income is $2,455/mo, and annual cash flow is $11,630/yr on $56,885 invested. Return on cash invested sits at 40.35% in year one, and rental yield is 17.17% on a $171,600 entry. Equity gained on principal adds $1,107/yr, while 5% annual appreciation builds toward $47,410 over five years. Five-year ROI reaches 215.79% and total cumulative return in cash sums $122,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,455/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
$269 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33432, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,928 (100%) |
| Owner Occupied HU | 7,342 (43.4%) |
| Renter Occupied HU | 5,700 (33.7%) |
| Vacant Housing Units | 3,886 (23.0%) |
| Median Home Value | $941,593 |
| Average Home Value | $1,118,234 |
Housing Distribution
Address Breakdown
Residential
13,710
Single Family
4,102
Multi-Family
9,608
Businesses
1,907
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Listed by: N/A • N/A
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