8939 SW 21st Court #FBoca 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 8939 SW 21st Court #F, Boca Raton, FL, 33433 generates $3,960/mo in rent and, after a $2,124/mo payment, leaves $678/mo in cash flow. Total monthly income is $3,960/mo, and annual cash flow is $8,135/yr on $143,871 invested. Return on cash invested sits at 25.56% in year one, and rental yield is 10.95% on a $434,000 entry. Equity gained on principal adds $2,801/yr, while 5% annual appreciation builds toward $119,906 over five years. Five-year ROI reaches 134.96% and total cumulative return in cash sums $194,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,960/mo property income rather than buyer’s personal income.
Townhouse
Built in 1986
2,344 sqft lot
$N/A/sqft
$315 monthly HOA
More details about the property
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-26 | Price change | $434,000 |
| 2024-08-08 | Price change | $435,000 |
| 2024-07-18 | Price change | $440,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $4909.00 | 6.93% | $256,358 | 10.00% |
| 2022-12-26 | $4591.00 | 13.58% | $233,053 | 10.00% |
| 2021-12-26 | $4042.00 | 8.23% | $211,866 | 10.00% |
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 1986
- Architectural Style: N/A
- Building Area: 1,412
- Living Area: 1,412 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Electric
- Cooling: Other
- Flooring: Laminate, Tile
- Interior Features: None
- Exterior Features: N/A
- Parking Features: Garage
Location
- City: Boca Raton
- State: FL
- Subdivision: Sandalfoot Cove Sec 10
- Lot Size: 2,344 sqft
- Lot Features: < 1/4 Acre
- View: N/A
HOA & Fees
- HOA Fee: $315 monthly
- Association Fee: $315 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Water Available
- Sewer: Public Sewer
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Hammock Pointe Elementary School
- Middle School: Loggers' Run Community Middle School
- High School: Spanish River Community High School
Listed by: Gregory Blackall • Opendoor Brokerage LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10998919
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.