7235 Promenade Drive UNIT K301Boca RatonFL33433
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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
Rental property for sale in Boca Raton at 7235 Promenade Drive UNIT K301, Boca Raton, FL, 33433 generates $10,153/mo in rent and, after a $5,629/mo payment, leaves $1,507/mo in cash flow. Total monthly income is $10,153/mo, and annual cash flow is $18,081/yr on $372,600 invested. Return on cash invested sits at 25.22% in year one, and rental yield is 10.59% on a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 133.02% and total cumulative return in cash sums $495,633. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $10,153/mo property income rather than buyer’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$3,043 quarterly HOA
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Nearby investment properties with comparable prices
Listed by: Steven DiNapoli • Find-A-Home Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10443682
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.