6660 N Ocean Blvd #1Ocean RidgeFL33435
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 6660 N Ocean Blvd #1, Ocean Ridge, FL, 33435 in Ocean Ridge hard to pass up. The 11.38% gross yield on a $325,000 purchase results in $3,082/mo in rent and $658/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.11). Annual cash flow of $7,894, five-year appreciation of $89,792, and $2,993/yr in equity build-up combine for a projected total cumulative return of $183,438.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 6.0% |
| Monthly Cash Flow | $658 | $2,500 |
City averages based on Ocean Ridge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,082 |
| Total Monthly Debt Service | $2,027 |
| 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 1962
N/A 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
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 1962
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Neal Wiseman • Southern Group Realty Inc
Mls Name: BeachesMLS
Mls ID: #F10546337