5505 N Ocean Boulevard #9-106Ocean 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 #9-106, Ocean Ridge, FL, 33435 offers a 10.19% rental yield on a $250,000 purchase with $2,122/mo rent. Total monthly income registers $2,122/mo, and a $1,224/mo payment leaves $463/mo available for distribution. Annual cash flow reaches $5,551/yr on $82,875 to close, and return on cash invested stands at 26.61% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 139.36% and total cumulative return in cash at $115,498. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,122/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
N/A 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: Susan D Curt • Compass Florida LLC (PB)
Mls Name: BeachesMLS
Mls ID: #RX-11113830