5846 NW 24th Avenue #203Boca RatonFL33496
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Nearby investment properties with comparable prices
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 5846 NW 24th Avenue #203, Boca Raton, FL, 33496 listed at $745,000 pairs $4,312/mo rent with a $3,646/mo payment. Total monthly income runs $4,312/mo. Return on cash invested measures 16.97% in year one, and rental yield registers 6.95% at a $745,000 basis. Equity gained on principal adds $4,807/yr, and annual property appreciation at 5% supports $205,830 by year five. Five-year ROI tracks 87.63% and total cumulative return in cash totals $214,796. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,312/mo property income relative to a $3,646/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33496, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,328 (100%) |
| Owner Occupied HU | 10,062 (75.5%) |
| Renter Occupied HU | 1,751 (13.1%) |
| Vacant Housing Units | 1,515 (11.4%) |
| Median Home Value | $825,092 |
| Average Home Value | $1,041,364 |
Housing Distribution
Address Breakdown
Residential
12,941
Single Family
10,553
Multi-Family
2,388
Businesses
203
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Listed by: Susan Demerer • Compass Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11129181