OFF_MARKETNeutral Deal3 days on market

22229 SW 65th Way

22229 SW 65th Way, Boca Raton, FL 33428, Boca Raton, FL 33428
$569,999
Zestimate®:$557,200

Listing Price

Property image 1
22229 SW 65th Way, Boca Raton, FL 33428
Loc: Boca Raton, FL
Days Listed
3
Tax Assessed
$383k
Zestimate®
$557k
Market Rate
Lot Size
7,032 sqft
Rent Estimate
$3,449/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

8

Sandpiper Shores Elementary School

PK-5
2.1 mi away
8

Eagles Landing Middle School

6-8
3.1 mi away
6

Olympic Heights Community High School

PK,9-12
2.2 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Average
Confidence Score: 6.4/10
Exercise caution due to potential market volatility.
Cap Rate
5.65%
Total ROI
17.9%
Cash Flow
$-197/mo
DSCR
0.93
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Checking Access...

Haven AI

This property offers a conservative entry into the high-demand Boca Raton market, but the numbers require caution. A 5.65% gross rental yield is relatively thin for a $570k asset when accounting for Florida's escalating non-operating expenses. While the 4-bedroom configuration is ideal for the local family-oriented demographic, the net cash flow is likely to be marginal or negative after factoring in debt service, property management, and current insurance premiums. The 4% appreciation rate is a reliable long-term driver, making this a better play for equity growth and wealth preservation rather than immediate monthly income. Investors should conduct a rigorous inspection of the roof and HVAC to avoid early capital expenditure spikes.

Strengths
  • High-demand 4-bedroom layout is optimal for stable, long-term family tenants
  • Located in a premier Boca Raton submarket with historically strong property value retention
  • Consistent 4% appreciation forecast aligns with conservative inflation-hedging strategies
  • Market price per square foot is competitive for the Palm Beach County region
Considerations
  • 5.65% gross yield provides a narrow margin for net cash flow after accounting for 25-30% expense ratios
  • Florida's volatile homeowners insurance market poses a significant risk to future operating margins
  • Palm Beach County property tax reassessments upon sale may significantly increase carrying costs
  • Older construction typical of the area may lead to higher maintenance and CapEx requirements for major systems
Checking Access...

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-06-10Sold$555,000$345
2026-05-11Pending sale$569,999$354
2026-03-31Price change$569,999$354
2026-03-20Price change$579,999$360
2026-03-07Listed for sale$569,999$354
2014-04-29Sold$175,000$109
2014-03-28Listed for sale$173,900$108
2013-12-30Sold$157,100$98
1994-07-19Sold$97,000$60

Tax History

YearProperty TaxTax Assessment
2025$6,683$382,547
2024$3,794$246,003
2023$3,693$238,838
2022$3,653$231,882
2021$3,616$225,128
2020$3,584.81$222,020
2019$4,414.84$226,442
2018$4,414.84$206,050
2017$3,939.64$195,202
2016$3,722.9$172,611
2015$3,522.18$156,919
2014$3,033.45$142,146
2013$1,537.38$102,625
2012$1,542.27$100,910
2011$1,606.25$102,893
2010$1,606.48$101,372
2009$1,555.69$102,506
2008$1,400.35$102,404
2007$1,534.71$99,421
2006$1,642.26$96,996
2005$0$94,171
2004$689.26$91,428
2003$247.05$89,723
2002$1,455.52$87,620
2001$1,441.52$86,240
2000$1,373.17$83,728
1999$1,102.94$83,961
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
2
Sq Ft
1,609
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $569,999Rent Basis: Observed Comp Model ($3,449/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $285/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.33%

NOI: $24,700/yr

Cash-on-Cash Yield
-8.2%

On $131,100 invested

DSCR Ratio
0.70x

Negative debt coverage

5-Yr Leveraged ROI
+53.0%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$312/mo
Homeowner / Hazard Insurance-$285/mo
Vacancy Reserve (5% of rent)-$172/mo
Repairs & Maintenance (10% of rent)-$345/mo
Property Management (8% of rent)-$276/mo
Total Pure Operating Expenses-$1,391/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,449/mo
Less: Operating Expenses-$1,391/mo
Net Operating Income (NOI)+$2,058/mo
Less: Debt Service (30yr @ 6.75%)-$2,958/mo
Net Cash Flow
$-899/mo
$-10,791/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

Similar Properties Nearby

Explore other investment opportunities in Boca Raton.