7948 La Mirada DriveBoca 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 7948 La Mirada Drive, Boca Raton, FL, 33433 priced at $354,900 converts $2,410/mo rent into after a $1,737/mo obligation. Total monthly income equals $2,410/mo. Return on cash invested prints 9.85% in year one, and rental yield reads 8.15% against a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation compiles into $98,052 by year five. Five-year ROI reaches 53.34% and total cumulative return in cash sums $62,752. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $1,737/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$1,041 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Dana Demos • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11071256
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.