9235 SW 8th Street #306Boca 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
Rental property for sale in Boca Raton at 9235 SW 8th Street #306, Boca Raton, FL, 33428 generates $2,548/mo in rent and, after a $1,192/mo payment, leaves $340/mo in cash flow. Total monthly income is $2,548/mo, and annual cash flow is $4,084/yr on $80,720 invested. Return on cash invested sits at 24.97% in year one, and rental yield is 12.56% on a $243,500 entry. Equity gained on principal adds $1,571/yr, while 5% annual appreciation builds toward $67,275 over five years. Five-year ROI reaches 133.78% and total cumulative return in cash sums $107,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,548/mo property income rather than buyer’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$554 monthly 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: Daniel Zemlin • United Realty Group, Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11047088
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.