639 W Ocean Ave Boynton Beach, FL 33426

  • 2.0

    Beds

  • 2.0

    Baths

  • 1,376

    Sq.Ft.

  • 1977

    Year Built

Owner Price

$320,000

AVM Price: $212,600 (-33.56 %)

Financials & Assumptions

  Financing

  Income

  Expenses

  Financials

Net Operating Income

$ 14,748

Expense Load

27.71 %

Total Cash Outlay

$ 320,000

Net Yield

4.61 %

Cash Flow

$ 14,748

Cash On Cash

4.61 %

Rate of Return

10.90 %


* This expense item is an estimate based on industry standards.



Cash Flow

30 year projections based on the rent and expense assumptions in the Financials & Assumptions section of this report.

Created with Highcharts 6.2.0YearCash Flow135791113151719212325272924681012141618202224262830020k40kHighcharts.com
Year 22
Cash Flow: $23,665

Investor Equity

The build up of equity based on the price, mortgage balance, and home price appreciation assumptions used in the Financials & Assumptions section.

Created with Highcharts 6.2.0Investor EquityEquityMortgage Amt12345678910111213141516171819202122232425262728293001M2MHighcharts.comYear 27Equity: $1,562,977Total Value: $1562977

Property Details

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Built in 1977
  • Sq.Ft.: 1376
  • Swimming Pool: No
  • Lot Size: 8006 Sq.Ft.
  • City: Boynton Beach
  • County: Palm Beach County, FL

Public Records

Date Transaction Transaction Amt.
2002-03-29 SALE $130,000

Asset Quality Report

Long term home price appreciation is measured to establish an Average Annual Home Price Appreciation Rate. The data set used for this chart goes back to 1998 - the longest term measurement of institutional quality data available. It encompasses the mild period in the late 1990's, the price volatility of the 2000's and the beginnings of the recovery. The contrast of the county, state and nation provides insight into the relative price point and volatility of the subject market.

Data source: Zillow.com


Created with Highcharts 6.2.0Median Home PricePalm Beach County, FLState of FLUnited States199819992000200120022003200420052006200720082009201020112012201320142015201620170100k200k300k400k500kHighcharts.com2010‚óŹ State of FL: $153,600

Average Annual Appreciation Rates:

National Average

3.44 %

State Average

5.61 %

County Average

6.29 %




Created with Highcharts 6.2.0PopulationPalm Beach County, FL199619971998199920002001200220032004200520062007200820092010201120122013201420152016900k1,000k1,100k1,200k1,300k1,400k1,500kHighcharts.com



Created with Highcharts 6.2.0YearPopulation ChangeInbound MigrationOutbound Migration2005200720082009201020112012201320142015020k40k60k80kHighcharts.com
2015
Inbound Migration: 43509
Outbound Migration: 34061

Created with Highcharts 6.2.0YearUnemployment %State of FLPalm Beach County, FL2016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119902 %4 %6 %8 %10 %12 %Highcharts.com
Year: 1998
State of FL:   5.0 %
Palm Beach County, FL:   5.9 %



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