9235 SW 8th St APT 510Boca RatonFL33428
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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 9235 SW 8th St APT 510, Boca Raton, FL, 33428 uses $51,383 cash to close to unlock $2,088/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $1,203/mo, and a $759/mo payment keeps the spread at $174/mo. Purchase price stands at $155,000, and rental yield measures 9.31% with $1,203/mo rent. Return on cash invested shows 23.97% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 125.33% and total cumulative return in cash records $64,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,203/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33428, Boca Raton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,565 (100%) |
| Owner Occupied HU | 11,440 (65.1%) |
| Renter Occupied HU | 5,099 (29.0%) |
| Vacant Housing Units | 1,026 ( 5.8%) |
| Median Home Value | $533,805 |
| Average Home Value | $573,475 |
Housing Distribution
Address Breakdown
Residential
17,161
Single Family
11,637
Multi-Family
5,524
Businesses
422
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Listed by: Carolina Schmidt Acevedo • Florida Property Management
Mls Name: MIAMI
Mls ID: #A11902788