7824 Majestic Palm Dr UNIT 7824Boynton 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 7824 Majestic Palm Dr UNIT 7824, Boynton Beach, FL, 33437 earns from $3,004/mo rent with a $2,447/mo payment. Total monthly income totals $3,004/mo. ROI tracks 11.6% on current figures, and rental yield reads 7.21% at a $499,900 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,113 over five years. Five-year ROI reaches 61.1% and total cumulative return in cash sums $101,256. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,004/mo property income instead of your personal income.
Townhouse
Built in 1994
N/A lot
$N/A/sqft
$2,500 quarterly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-02-04 | Listed for sale | $499,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 1994
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,722 sqft
- Property Condition: As Is,Substantially Remodeled
Features & Amenities
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric
- Flooring: Tile
- Interior Features: Built-in Features, Kitchen Island, Entrance Foyer, Pantry, Walk-In Closet(s)
- Exterior Features: Tennis Court
- Parking Features: 2 Or More Spaces, Covered, Guest, Attached, Automatic Garage Door Opener
Location
- City: Boynton Beach
- State: FL
- Subdivision: Palm Isles
- Lot Size: N/A
- Lot Features: Zero Lot Line
- View: Garden View, Lake
HOA & Fees
- HOA Fee: $2,500 quarterly
- Association Fee: $2,500 quarterly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Jeffrey Sanders • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10485082
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 2025 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.