8054 Summerview TerraceBoca RatonFL33496
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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 8054 Summerview Terrace, Boca Raton, FL, 33496 uses $115,992 cash to close to unlock $931/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,713/mo payment keeps the spread at $78/mo. Purchase price stands at $349,900, and rental yield measures 8.23% with $2,400/mo rent. Return on cash invested shows 20.71% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 107.74% and total cumulative return in cash records $124,974. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33496, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,328 (100%) |
| Owner Occupied HU | 10,062 (75.5%) |
| Renter Occupied HU | 1,751 (13.1%) |
| Vacant Housing Units | 1,515 (11.4%) |
| Median Home Value | $825,092 |
| Average Home Value | $1,041,364 |
Housing Distribution
Address Breakdown
Residential
12,941
Single Family
10,553
Multi-Family
2,388
Businesses
203
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Listed by: Michaela Marcus • Lang Realty/ BR
Mls Name: BeachesMLS
Mls ID: #RX-11137866