700 E Boynton Beach Boulevard #1507Boynton 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 700 E Boynton Beach Boulevard #1507, Boynton Beach, FL, 33435 generates $2,965/mo in rent and, after a $1,786/mo payment, leaves $543/mo in cash flow. Total monthly income is $2,965/mo, and annual cash flow is $6,520/yr on $120,996 invested. Return on cash invested sits at 25.3% in year one, and rental yield is 9.75% on a $364,995 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,841 over five years. Five-year ROI reaches 132.34% and total cumulative return in cash sums $160,122. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,965/mo property income rather than buyer’s personal income.
Condo
Built in 2006
365 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shawn Kaminsky • Coldwell Banker Realty /Delray Beach
Mls Name: BeachesMLS
Mls ID: #RX-11109205