700 S Ocean Boulevard #1202Boca RatonFL33432
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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 Boca Raton at 700 S Ocean Boulevard #1202, Boca Raton, FL, 33432 listed at $1,850,000 pairs $8,053/mo rent with a $9,055/mo payment. Total monthly income runs $8,053/mo. Return on cash invested measures 11.91% in year one, and rental yield registers 5.22% at a $1,850,000 basis. Equity gained on principal adds $11,938/yr, and annual property appreciation at 5% supports $511,121 by year five. Five-year ROI tracks 60.46% and total cumulative return in cash totals $362,425. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,053/mo property income relative to a $9,055/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33432, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,928 (100%) |
| Owner Occupied HU | 7,342 (43.4%) |
| Renter Occupied HU | 5,700 (33.7%) |
| Vacant Housing Units | 3,886 (23.0%) |
| Median Home Value | $941,593 |
| Average Home Value | $1,118,234 |
Housing Distribution
Address Breakdown
Residential
13,710
Single Family
4,102
Multi-Family
9,608
Businesses
1,907
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Listed by: Bonnie R Heatzig • Compass Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11112060