5975 Forest Grove Drive #2Boynton BeachFL33437
Nearby investment properties with comparable rents
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 Boynton Beach at 5975 Forest Grove Drive #2, Boynton Beach, FL, 33437 offers a 8.25% rental yield on a $319,005 purchase with $2,193/mo rent. Total monthly income registers $2,193/mo, and a $1,561/mo payment leaves $76/mo available for distribution. Annual cash flow reaches $917/yr on $105,750 to close, and return on cash invested stands at 20.78% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,135 over five years. Portfolio math shows five-year ROI at 108.1% and total cumulative return in cash at $114,315. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,193/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samantha Tenzer Friedman • Friedman Real Estate Corporation
Mls Name: BeachesMLS
Mls ID: #RX-11127256