577 SW 24th AvenueBoynton BeachFL33435
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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 Boynton Beach at 577 SW 24th Avenue, Boynton Beach, FL, 33435 earns $1,891/mo cash flow from $7,957/mo rent with a $4,258/mo payment. Total monthly income totals $7,957/mo, and annual cash flow totals $22,690/yr on $286,230 capital. ROI tracks 27.99% on current figures, and rental yield reads 10.98% at a $870,000 purchase. Equity gained on principal adds $5,614/yr, and 5% annual appreciation supports $240,365 over five years. Five-year ROI reaches 147.16% and total cumulative return in cash sums $421,213. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,957/mo property income instead of your personal income.
Single Family
Built in 1979
8,205 sqft 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: Robert Temelkoski • Coldwell Banker Realty /Delray Beach
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11030799
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.