100 N Ocean Boulevard #211Delray BeachFL33483
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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 Delray Beach at 100 N Ocean Boulevard #211, Delray Beach, FL, 33483 listed at $779,000 pairs $5,886/mo rent with a $3,813/mo payment to leave $716/mo cash flow. Total monthly income runs $5,886/mo, and annual cash flow reaches $8,595/yr on $256,291 cash to close. Return on cash invested measures 23.41% in year one, and rental yield registers 9.07% at a $779,000 basis. Equity gained on principal adds $5,027/yr, and annual property appreciation at 5% supports $215,223 by year five. Five-year ROI tracks 122.2% and total cumulative return in cash totals $313,190. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,886/mo property income relative to a $3,813/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33483, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,211 (100%) |
| Owner Occupied HU | 5,172 (50.7%) |
| Renter Occupied HU | 2,337 (22.9%) |
| Vacant Housing Units | 2,702 (26.5%) |
| Median Home Value | $996,479 |
| Average Home Value | $1,221,770 |
Housing Distribution
Address Breakdown
Residential
9,082
Single Family
4,818
Multi-Family
4,264
Businesses
1,287
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Listed by: David R. Mundt • Signature Int'l Premier Properties
Mls Name: BeachesMLS
Mls ID: #RX-11104366