6957 Rain Forest Drive #E-4-UBoca RatonFL33434
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 Boca Raton at 6957 Rain Forest Drive #E-4-U, Boca Raton, FL, 33434 generates $3,313/mo in rent, after a $3,157/mo payment. Total monthly income is $3,313/mo. Return on cash invested sits at 14.59% in year one, and rental yield is 6.16% on a $645,000 entry. Equity gained on principal adds $4,162/yr, while 5% annual appreciation builds toward $178,202 over five years. Five-year ROI reaches 74.88% and total cumulative return in cash sums $158,896. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,313/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33434, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,941 (100%) |
| Owner Occupied HU | 9,183 (65.9%) |
| Renter Occupied HU | 2,078 (14.9%) |
| Vacant Housing Units | 2,680 (19.2%) |
| Median Home Value | $469,187 |
| Average Home Value | $558,887 |
Housing Distribution
Address Breakdown
Residential
12,907
Single Family
5,924
Multi-Family
6,983
Businesses
584
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marie T Story • Keller Williams Realty Services
Mls Name: BeachesMLS
Mls ID: #RX-11154056