6420 Boca Del Mar Drive #308Boca RatonFL33433
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 6420 Boca Del Mar Drive #308, Boca Raton, FL, 33433 in Boca Raton speaks for itself: 11.38% gross on a $398,999 price, generating $3,785/mo in rent and $1,137/mo in net income after the $1,794/mo debt service. DSCR 2.11, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $13,644 stacks alongside $110,236 in projected five-year appreciation and $3,675/yr in principal reduction. Projected total cumulative return: $225,293.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 4.5% |
| Monthly Cash Flow | $1,137 | $1,200 |
City averages based on Boca Raton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,785 |
| Total Monthly Debt Service | $2,489 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
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
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Francine Bisson • RE/MAX Select Group
Mls Name: BeachesMLS
Mls ID: #RX-11130115