651 Ocean Inlet DriveBoynton BeachFL33435
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
Rental property for sale in Boynton Beach at 651 Ocean Inlet Drive, Boynton Beach, FL, 33435 offers $3,494/mo rent that, after a $3,123/mo payment. Total monthly income is $3,494/mo. Return on cash invested measures 15.83% in year one, and rental yield stands at 6.57% at a $638,000 entry. Equity gained on principal adds $4,117/yr while 5% annual appreciation compounds into $176,268 by year five. Five-year ROI records 81.51% and total cumulative return in cash reaches $171,098. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,494/mo property income versus a $3,123/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
7,423 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33435, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,332 (100%) |
| Owner Occupied HU | 10,000 (49.2%) |
| Renter Occupied HU | 6,447 (31.7%) |
| Vacant Housing Units | 3,885 (19.1%) |
| Median Home Value | $410,238 |
| Average Home Value | $555,924 |
Housing Distribution
Address Breakdown
Residential
18,033
Single Family
9,774
Multi-Family
8,259
Businesses
777
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Listed by: Maribel De La Rocha • LAER Realty Partners Bowen/Wellington
Mls Name: BeachesMLS
Mls ID: #RX-11137163