1248 NE 8th AvenueDelray 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 1248 NE 8th Avenue, Delray Beach, FL, 33483 earns from $5,462/mo rent with a $6,852/mo payment. Total monthly income totals $5,462/mo. ROI tracks 10.24% on current figures, and rental yield reads 4.68% at a $1,400,000 purchase. Equity gained on principal adds $9,034/yr, and 5% annual appreciation supports $386,794 over five years. Five-year ROI reaches 51.5% and total cumulative return in cash sums $233,623. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,462/mo property income instead of your personal income.
Single Family
Built in 1955
10,500 sqft 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: Nancy S Merritt • South Florida Realty Group & Property Management LLC
Mls Name: BeachesMLS
Mls ID: #RX-11121738