6520 N Ocean Boulevard #30Ocean RidgeFL33435
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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 Ocean Ridge at 6520 N Ocean Boulevard #30, Ocean Ridge, FL, 33435 earns $623/mo cash flow from $3,271/mo rent with a $1,953/mo payment. Total monthly income totals $3,271/mo, and annual cash flow totals $7,477/yr on $132,269 capital. ROI tracks 25.56% on current figures, and rental yield reads 9.84% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 133.77% and total cumulative return in cash sums $176,942. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,271/mo property income instead of your personal income.
Condo
Built in 1964
0.80 Acres 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: Mary Ann Prince • South Florida Realty Group & Property Management LLC
Mls Name: BeachesMLS
Mls ID: #RX-11140569