650 SW 2nd Ave APT 248Boca RatonFL33432
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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 Boca Raton at 650 SW 2nd Ave APT 248, Boca Raton, FL, 33432 offers a 9.48% rental yield on a $169,900 purchase with $1,342/mo rent. Total monthly income registers $1,342/mo, and a $832/mo payment leaves $214/mo available for distribution. Annual cash flow reaches $2,569/yr on $56,322 to close, and return on cash invested stands at 24.47% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 127.99% and total cumulative return in cash at $72,086. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,342/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33432, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,928 (100%) |
| Owner Occupied HU | 7,342 (43.4%) |
| Renter Occupied HU | 5,700 (33.7%) |
| Vacant Housing Units | 3,886 (23.0%) |
| Median Home Value | $941,593 |
| Average Home Value | $1,118,234 |
Housing Distribution
Address Breakdown
Residential
13,710
Single Family
4,102
Multi-Family
9,608
Businesses
1,907
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Listed by: Maria Teresa Back • Beachfront Realty Inc
Mls Name: MIAMI
Mls ID: #A11914373