5317 Fig Palm Way #BBoynton BeachFL33437
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 5317 Fig Palm Way #B, Boynton Beach, FL, 33437 uses $109,362 cash to close to unlock $8,141/yr annual cash flow and $678/mo monthly cash flow. Total monthly income runs $2,868/mo, and a $1,615/mo payment keeps the spread at $678/mo. Purchase price stands at $329,900, and rental yield measures 10.43% with $2,868/mo rent. Return on cash invested shows 27.35% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 143.36% and total cumulative return in cash records $156,783. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,868/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33437, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,841 (100%) |
| Owner Occupied HU | 16,379 (75.0%) |
| Renter Occupied HU | 2,878 (13.2%) |
| Vacant Housing Units | 2,584 (11.8%) |
| Median Home Value | $508,849 |
| Average Home Value | $545,771 |
Housing Distribution
Address Breakdown
Residential
20,672
Single Family
17,669
Multi-Family
3,003
Businesses
349
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Josue Gutierrez • Realty ONE Group Innovation
Mls Name: BeachesMLS
Mls ID: #RX-11125575