650 SW 2nd Avenue #2490Boca 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 Avenue #2490, Boca Raton, FL, 33432 uses $54,698 cash to close to unlock $1,819/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $1,247/mo, and a $808/mo payment keeps the spread at $152/mo. Purchase price stands at $165,000, and rental yield measures 9.07% with $1,247/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 121.32% and total cumulative return in cash records $66,359. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,247/mo property income covering a $808/mo payment rather than investor’s personal income.
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: Sandra Jenssen • United Realty Group, Inc
Mls Name: BeachesMLS
Mls ID: #RX-11133652