7120 Corning CircleBoynton BeachFL33437
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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 Boynton Beach at 7120 Corning Circle, Boynton Beach, FL, 33437 offers a 8.36% rental yield on a $949,000 purchase with $6,614/mo rent. Total monthly income registers $6,614/mo, and a $4,645/mo payment leaves $316/mo available for distribution. Annual cash flow reaches $3,794/yr on $312,221 to close, and return on cash invested stands at 21.28% in year one. Equity gained on principal adds $6,124/yr while 5% annual appreciation supports $262,191 over five years. Portfolio math shows five-year ROI at 110.73% and total cumulative return in cash at $345,732. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,614/mo property income against a $4,645/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
10,224 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33437, Boynton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,841 (100%) |
| Owner Occupied HU | 16,379 (75.0%) |
| Renter Occupied HU | 2,878 (13.2%) |
| Vacant Housing Units | 2,584 (11.8%) |
| Median Home Value | $508,849 |
| Average Home Value | $545,771 |
Housing Distribution
Address Breakdown
Residential
20,672
Single Family
17,669
Multi-Family
3,003
Businesses
349
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Listed by: Scott Vincent Correale • One Sotheby's International Realty
Mls Name: BeachesMLS
Mls ID: #RX-11109052