Boca Raton - Sandalfoot Cove - Good For Investment ?

[Jonathan Pechmajou]

Hello Everyone -

I'm looking for my first deal to buy a investment property. I've been analyzing properties for 3 months now and there is a potential one that makes sense in terms of numbers to invest on. It's located in a community called SandalFoot Cover in Boca Raton.

1 - Is this community a good place for a first investment property ? [I'm worried as it's 20 mins from the beach]

2 - What other communities around the area you think are good for investment properties ? (I was thinking closer to FAU and The beach)

Thanks for your wisdom

[Kyle Funnell]

Hello @Jonathan Pechmajou,

I am a realtor/investor in Palm Beach County. 

It is far out west but I don't think you will have a problem renting it. (unless you were planning to do vacation rental) It is also zoned for good school with its High school (Spanish River Community) being ranked 9/10. 

SandalFoot is a large community that has many different types of properties (SFH, townhomes, condos). Really depends on which ones you are looking for and what price you can get. For 2/2 condo's in the area they are getting $1300/$1400/month. If the numbers make sense, why not invest? Just a side note, looking at the MLS some of the condos restrict you so that you can't rent the first year and some are even HOPA communities. Just be sure before you buy, look at all the restrictions the HOA has. I think if it is a SFH you can't go wrong. Rent has gone way up for SFH in Boca (so have prices) and if you get it for the right price, you definitely can make a good return.

I know the Windwood community (right next to FAU) is a popular rental community and caters to many different people (students, families, professionals). From what I have found on the MLS you don't have to wait to rent their either, which is a big perk.

Please feel free to reach out with any questions and I will be happy to help you the best way I can!

Kyle Funnell, Realtor