840 SW 3rd StBoca 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 840 SW 3rd St, Boca Raton, FL, 33486 priced at $785,000 converts $7,410/mo rent into $1,850/mo cash flow after a $3,842/mo obligation. Total monthly income equals $7,410/mo, and annual cash flow totals $22,202/yr on $258,265 invested. Return on cash invested prints 28.66% in year one, and rental yield reads 11.33% against a $785,000 entry. Equity gained on principal adds $5,065/yr, while 5% annual appreciation compiles into $216,881 by year five. Five-year ROI reaches 150.91% and total cumulative return in cash sums $389,750. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,410/mo property income covering a $3,842/mo payment, not borrower’s personal income.
Single Family
Built in 1962
8,800 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: Timothy James Hines • Lang Realty/BR
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10491927
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.