987 Castaway CtLoxahatcheeFL33470
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 987 Castaway Ct, Loxahatchee, FL, 33470 in Loxahatchee. Rental yield 5.93%. At $1,099,000 with 5.93% gross yield, current distributions are modest, but the 5% appreciation rate projects $303,633 in new equity by year five, complemented by $10,122/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.10) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $298,999.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 6.0% |
| Monthly Cash Flow | $(2,188) | $250 |
City averages based on Loxahatchee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,431 |
| Total Monthly Debt Service | $6,856 |
| DSCR Ratio | 0.79x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2022
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33470, Loxahatchee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,950 (100%) |
| Owner Occupied HU | 12,894 (86.2%) |
| Renter Occupied HU | 784 ( 5.2%) |
| Vacant Housing Units | 1,272 ( 8.5%) |
| Median Home Value | $622,237 |
| Average Home Value | $681,369 |
Housing Distribution
Address Breakdown
Residential
13,536
Single Family
12,339
Multi-Family
1,197
Businesses
551
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
Single Family
Built in 2022
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33470, Loxahatchee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,950 (100%) |
| Owner Occupied HU | 12,894 (86.2%) |
| Renter Occupied HU | 784 ( 5.2%) |
| Vacant Housing Units | 1,272 ( 8.5%) |
| Median Home Value | $622,237 |
| Average Home Value | $681,369 |
Housing Distribution
Address Breakdown
Residential
13,536
Single Family
12,339
Multi-Family
1,197
Businesses
551
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deborah Anderson Pa • Realty 100
Mls Name: BeachesMLS
Mls ID: #F10532634