100 N Ocean Boulevard #422Delray 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
Rental property for sale in Delray Beach at 100 N Ocean Boulevard #422, Delray Beach, FL, 33483 generates $5,084/mo in rent, after a $8,071/mo payment. Total monthly income is $5,084/mo. Return on cash invested sits at 7.21% in year one, and rental yield is 3.7% on a $1,649,000 entry. Equity gained on principal adds $10,641/yr, while 5% annual appreciation builds toward $455,588 over five years. Five-year ROI reaches 35.24% and total cumulative return in cash sums $188,295. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,084/mo property income rather than buyer’s personal income.
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: Beverly Gayle Clark • The Corcoran Group
Mls Name: BeachesMLS
Mls ID: #RX-11128939