120 S Ocean Boulevard #2-BDelray 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 120 S Ocean Boulevard #2-B, Delray Beach, FL, 33483 listed at $1,795,000 pairs $7,111/mo rent with a $8,786/mo payment. Total monthly income runs $7,111/mo. Return on cash invested measures 10.46% in year one, and rental yield registers 4.75% at a $1,795,000 basis. Equity gained on principal adds $11,583/yr, and annual property appreciation at 5% supports $495,925 by year five. Five-year ROI tracks 52.69% and total cumulative return in cash totals $306,421. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,111/mo property income relative to a $8,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
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: Nicholas Wisell • Coldwell Banker Realty /Delray Beach
Mls Name: BeachesMLS
Mls ID: #RX-11137590