814 NW 6th DriveBoca RatonFL33486
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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 814 NW 6th Drive, Boca Raton, FL, 33486 generates $7,927/mo in rent, after a $6,730/mo payment. Total monthly income is $7,927/mo. Return on cash invested sits at 16.65% in year one, and rental yield is 6.92% on a $1,375,000 entry. Equity gained on principal adds $8,873/yr, while 5% annual appreciation builds toward $379,887 over five years. Five-year ROI reaches 86.04% and total cumulative return in cash sums $383,310. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,927/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
10,197 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33486, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,073 (100%) |
| Owner Occupied HU | 6,734 (74.2%) |
| Renter Occupied HU | 1,860 (20.5%) |
| Vacant Housing Units | 479 ( 5.3%) |
| Median Home Value | $679,416 |
| Average Home Value | $799,851 |
Housing Distribution
Address Breakdown
Residential
9,254
Single Family
7,803
Multi-Family
1,451
Businesses
351
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Listed by: Brianna Lombardo • Korman Realty LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11015696
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.