6109 Old Court Road #238Boca RatonFL33433
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 Boca Raton at 6109 Old Court Road #238, Boca Raton, FL, 33433 uses $115,694 cash to close to unlock $19,442/yr annual cash flow and $1,620/mo monthly cash flow. Total monthly income runs $4,609/mo, and a $1,708/mo payment keeps the spread at $1,620/mo. Purchase price stands at $349,000, and rental yield measures 15.85% with $4,609/mo rent. Return on cash invested shows 36.71% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 196.1% and total cumulative return in cash records $226,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,609/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$673 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ricky Hen • Lokally Realty LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11012245
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.