5280 NW 2nd Ave APT 412Boca RatonFL33487
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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 5280 NW 2nd Ave APT 412, Boca Raton, FL, 33487 uses $104,423 cash to close to unlock $5,140/yr annual cash flow and $428/mo monthly cash flow. Total monthly income runs $2,519/mo, and a $1,542/mo payment keeps the spread at $428/mo. Purchase price stands at $315,000, and rental yield measures 9.6% with $2,519/mo rent. Return on cash invested shows 24.83% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 129.85% and total cumulative return in cash records $135,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,519/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1983
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
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Listed by: Clinton Luke • SERHANT
Mls Name: Stellar MLS
Mls ID: #O6375932