8583 Overset Lane #CBoca 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 8583 Overset Lane #C, Boca Raton, FL, 33496 uses $82,212 cash to close to unlock $9,553/yr annual cash flow and $796/mo monthly cash flow. Total monthly income runs $2,442/mo, and a $1,214/mo payment keeps the spread at $796/mo. Purchase price stands at $248,000, and rental yield measures 11.82% with $2,442/mo rent. Return on cash invested shows 31.53% in year one, and 5% annual appreciation builds toward $68,518 over five years. Five-year ROI reaches 165.78% and total cumulative return in cash records $136,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,442/mo property income covering a $1,214/mo payment rather than investor’s personal income.
Condo
Built in 1985
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: Kara Jo Stevens • LPT Realty, LLC
Mls Name: BeachesMLS
Mls ID: #RX-11095680