118 Tuscany BDelray BeachFL33446
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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 118 Tuscany B, Delray Beach, FL, 33446 priced at $105,000 converts $1,952/mo rent into $627/mo cash flow after a $514/mo obligation. Total monthly income equals $1,952/mo, and annual cash flow totals $7,528/yr on $34,808 invested. Return on cash invested prints 41.54% in year one, and rental yield reads 22.31% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 227.34% and total cumulative return in cash sums $79,130. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,952/mo property income covering a $514/mo payment, not borrower’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$603 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33446, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,612 (100%) |
| Owner Occupied HU | 13,827 (70.5%) |
| Renter Occupied HU | 2,434 (12.4%) |
| Vacant Housing Units | 3,351 (17.1%) |
| Median Home Value | $558,273 |
| Average Home Value | $649,778 |
Housing Distribution
Address Breakdown
Residential
18,652
Single Family
11,325
Multi-Family
7,327
Businesses
501
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Listed by: Ildiko Szervanszki • Keller Williams Realty Boca Raton
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10966648
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.