1385 High Point Boulevard W #DDelray 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 1385 High Point Boulevard W #D, Delray Beach, FL, 33445 offers a 8.07% rental yield on a $240,000 purchase with $1,614/mo rent. Total monthly income registers $1,614/mo, and a $1,175/mo payment leaves $21/mo available for distribution. Annual cash flow reaches $252/yr on $79,560 to close, and return on cash invested stands at 20.23% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 105.1% and total cumulative return in cash at $83,618. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,614/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
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: Wilkens Dormil • EXP Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11108822