531 SE 28th Avenue #ABoynton BeachFL33435
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
Investment Highlights
Investment property for sale in Boynton Beach at 531 SE 28th Avenue #A, Boynton Beach, FL, 33435 offers a 8.48% rental yield on a $299,000 purchase with $2,113/mo rent. Total monthly income registers $2,113/mo, and a $1,463/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,551/yr on $99,119 to close, and return on cash invested stands at 21.47% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 111.85% and total cumulative return in cash at $110,866. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,113/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
2,914 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: Rosemarie Miller • Limited Edition Int'l Realty
Mls Name: BeachesMLS
Mls ID: #RX-11118046