1123 Canoe PointDelray BeachFL33444
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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 1123 Canoe Point, Delray Beach, FL, 33444 generates $6,136/mo in rent, after a $4,478/mo payment. Total monthly income is $6,136/mo. Return on cash invested sits at 19.36% in year one, and rental yield is 8.05% on a $915,000 entry. Equity gained on principal adds $5,904/yr, while 5% annual appreciation builds toward $252,798 over five years. Five-year ROI reaches 100.81% and total cumulative return in cash sums $303,461. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,136/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
5,249 sqft lot
$N/A/sqft
$240 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Diego Arellano • Southfields Real Estate, Inc.
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11016254
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.