5505 N Ocean Boulevard #8-108Ocean RidgeFL33435
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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 Ocean Ridge at 5505 N Ocean Boulevard #8-108, Ocean Ridge, FL, 33435 uses $72,930 cash to close to unlock $1,270/yr annual cash flow and $106/mo monthly cash flow. Total monthly income runs $1,566/mo, and a $1,077/mo payment keeps the spread at $106/mo. Purchase price stands at $220,000, and rental yield measures 8.54% with $1,566/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 112.78% and total cumulative return in cash records $82,247. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,566/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1969
4.79 Acres 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
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Listed by: Irene Sofia Marshall • Coldwell Banker/BR
Mls Name: BeachesMLS
Mls ID: #RX-11117178