5501 NW 2nd Ave #203Boca 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 5501 NW 2nd Ave #203, Boca Raton, FL, 33487 uses $59,504 cash to close to unlock $2,428/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,394/mo, and a $879/mo payment keeps the spread at $202/mo. Purchase price stands at $179,500, and rental yield measures 9.32% with $1,394/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $49,593 over five years. Five-year ROI reaches 125.38% and total cumulative return in cash records $74,608. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,394/mo property income covering a $879/mo payment rather than investor’s personal income.
Condo
Built in 1969
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: Jamie Toro • Charles Rutenberg Realty FTL
Mls Name: BeachesMLS
Mls ID: #F10528464