1042 North Drive #ADelray 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 1042 North Drive #A, Delray Beach, FL, 33445 offers a 8.23% rental yield on a $218,000 purchase with $1,495/mo rent. Total monthly income registers $1,495/mo, and a $1,067/mo payment leaves $48/mo available for distribution. Annual cash flow reaches $580/yr on $72,267 to close, and return on cash invested stands at 20.71% in year one. Equity gained on principal adds $1,407/yr while 5% annual appreciation supports $60,229 over five years. Portfolio math shows five-year ROI at 107.78% and total cumulative return in cash at $77,887. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,495/mo property income against a $1,067/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
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: Candice Tomei Brueggemann PA • Keller Williams Realty Services
Mls Name: BeachesMLS
Mls ID: #RX-11140439