5956 Forest Grove Drive #2Boynton BeachFL33437
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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 5956 Forest Grove Drive #2, Boynton Beach, FL, 33437 offers a 8.22% rental yield on a $349,900 purchase with $2,397/mo rent. Total monthly income registers $2,397/mo, and a $1,713/mo payment leaves $75/mo available for distribution. Annual cash flow reaches $895/yr on $115,992 to close, and return on cash invested stands at 20.68% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 107.59% and total cumulative return in cash at $124,794. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,397/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
2,570 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33437, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,841 (100%) |
| Owner Occupied HU | 16,379 (75.0%) |
| Renter Occupied HU | 2,878 (13.2%) |
| Vacant Housing Units | 2,584 (11.8%) |
| Median Home Value | $508,849 |
| Average Home Value | $545,771 |
Housing Distribution
Address Breakdown
Residential
20,672
Single Family
17,669
Multi-Family
3,003
Businesses
349
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Listed by: Roxana Campbell • RE/MAX Direct
Mls Name: BeachesMLS
Mls ID: #RX-11146044