9440 SW 8th Street UNIT 306Boca RatonFL33428
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 9440 SW 8th Street UNIT 306, Boca Raton, FL, 33428 listed at $239,000 pairs $2,639/mo rent with a $1,170/mo payment to leave $354/mo cash flow. Total monthly income runs $2,639/mo, and annual cash flow reaches $4,247/yr on $79,229 cash to close. Return on cash invested measures 25.27% in year one, and rental yield registers 13.25% at a $239,000 basis. Equity gained on principal adds $1,542/yr, and annual property appreciation at 5% supports $66,031 by year five. Five-year ROI tracks 136% and total cumulative return in cash totals $107,748. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,639/mo property income relative to a $1,170/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
N/A lot
$N/A/sqft
$607 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 |
|---|---|---|
| 2024-11-02 | Price change | $2,150 |
| 2024-10-25 | Listed for rent | $2,250 |
| 2024-10-25 | Price change | $239,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-16 | $3228.00 | 164.16% | $181,505 | 84.67% |
| 2022-11-16 | $1222.00 | 2.52% | $98,287 | 3.00% |
| 2021-11-16 | $1192.00 | 1.24% | $95,424 | 1.40% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: Condo
- Year Built: 1980
- Architectural Style: Contemporary
- Building Area: 979
- Living Area: 979 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central Individual, Electric
- Cooling: Ceiling Fan(s), Central Individual, Electric
- Flooring: Ceramic Tile, Laminate
- Interior Features: Bar, Built-in Features, Elevator, Pantry, Walk-In Closet(s), Lobby
- Exterior Features: Auto Sprinkler, Built-in Barbecue, Tennis Court(s), Exterior Catwalk
- Parking Features: Assigned, Guest, Vehicle Restrictions, Commercial Vehicles Prohibited, Maximum # Vehicles
Location
- City: Boca Raton
- State: FL
- Subdivision: Isle Of Sandalfoot Condo
- Lot Size: N/A
- Lot Features: West of US-1, On Golf Course
- View: Golf Course
HOA & Fees
- HOA Fee: $607 monthly
- Association Fee: $607 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Cable TV, Common Areas, Elevator, Insurance-Bldg, Janitor, Laundry Facilities, Maintenance Grounds, Maintenance Structure, Management Fees, Manager, Master Antenna/TV, Parking, Pest Control, Pool Service, Reserve Funds, Roof Maintenance, Sewer, Trash, Water
Utilities
- Utilities: Cable Connected, Electricity Connected, Water Available
- 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: Ildiko Zsofia Inhauzer • Shuman Realty Group LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10993705
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.