1040 Homewood Boulevard #L202Delray BeachFL33445
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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 1040 Homewood Boulevard #L202, Delray Beach, FL, 33445 listed at $275,000 pairs $1,868/mo rent with a $1,346/mo payment to leave $43/mo cash flow. Total monthly income runs $1,868/mo, and annual cash flow reaches $516/yr on $91,163 cash to close. Return on cash invested measures 20.48% in year one, and rental yield registers 8.15% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 106.52% and total cumulative return in cash totals $97,103. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,868/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33445, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,751 (100%) |
| Owner Occupied HU | 10,662 (56.9%) |
| Renter Occupied HU | 5,158 (27.5%) |
| Vacant Housing Units | 2,931 (15.6%) |
| Median Home Value | $478,837 |
| Average Home Value | $555,405 |
Housing Distribution
Address Breakdown
Residential
16,460
Single Family
12,659
Multi-Family
3,801
Businesses
839
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Listed by: Dovi Ettedgui • The Corcoran Group
Mls Name: BeachesMLS
Mls ID: #RX-11144270