550 S Ocean Blvd APT 1509Boca 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
Investment property for sale in Boca Raton at 550 S Ocean Blvd APT 1509, Boca Raton, FL, 33432 earns from $8,515/mo rent with a $8,560/mo payment. Total monthly income totals $8,515/mo. ROI tracks 9.59% on current figures, and rental yield reads 5.84% at a $1,749,000 purchase. Equity gained on principal adds $11,286/yr, and 5% annual appreciation supports $483,216 over five years. Five-year ROI reaches 49.55% and total cumulative return in cash sums $280,807. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $8,515/mo property income instead of your personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$1,525 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: Ignacio Diaz • Developers Group Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11830325
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.