100 Pelican Pointe Drive #202Delray 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 Pelican Pointe Drive #202, Delray Beach, FL, 33483 listed at $345,000 pairs $3,234/mo rent with a $1,689/mo payment to leave $944/mo cash flow. Total monthly income runs $3,234/mo, and annual cash flow reaches $11,329/yr on $114,368 cash to close. Return on cash invested measures 29.82% in year one, and rental yield registers 11.25% at a $345,000 basis. Equity gained on principal adds $2,226/yr, and annual property appreciation at 5% supports $95,317 by year five. Five-year ROI tracks 156.58% and total cumulative return in cash totals $179,080. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,234/mo property income relative to a $1,689/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
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: Margaret M. Doepper • Douglas Elliman
Mls Name: BeachesMLS
Mls ID: #RX-11145832