9290 SW 61st Way #ABoca 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 9290 SW 61st Way #A, Boca Raton, FL, 33428 offers a 10.34% rental yield on a $410,000 purchase with $3,532/mo rent. Total monthly income registers $3,532/mo, and a $2,007/mo payment leaves $517/mo available for distribution. Annual cash flow reaches $6,203/yr on $135,915 to close, and return on cash invested stands at 24.47% in year one. Equity gained on principal adds $2,646/yr while 5% annual appreciation supports $113,275 over five years. Portfolio math shows five-year ROI at 128.84% and total cumulative return in cash at $175,115. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,532/mo property income against a $2,007/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
$253 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-19 | Price change | $410,000 |
| 2024-09-05 | Listed for sale | $420,000 |
| 2023-04-13 | Listing removed | N/A |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $4143.00 | 6.67% | $212,587 | 10.00% |
| 2022-12-26 | $3884.00 | 14.20% | $193,261 | 10.00% |
| 2021-12-26 | $3401.00 | 7.87% | $175,692 | 10.00% |
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 1980
- Architectural Style: Georgian
- Building Area: 1,782
- Living Area: 1,593 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric
- Flooring: Tile
- Interior Features: Built-in Features, Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: 2+ Spaces, Guest
Location
- City: Boca Raton
- State: FL
- Subdivision: Chateau On The Knoll Phase 2
- Lot Size: N/A
- Lot Features: N/A
- View: Other
HOA & Fees
- HOA Fee: $253 monthly
- Association Fee: $253 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Cable TV, Common Areas, Maintenance Grounds, Maintenance Structure, Manager, Parking, Pool Service, Trash
Utilities
- Utilities: Cable Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Hammock Pointe Elementary School
- Middle School: Eagles Landing Middle School
- High School: Olympic Heights Community High
Listed by: Veronica Robles • United Realty Group, Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11018164
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.