1406 W Wickham Circle #ADelray 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
Rental property for sale in Delray Beach at 1406 W Wickham Circle #A, Delray Beach, FL, 33445 generates $2,918/mo in rent and, after a $1,664/mo payment, leaves $5/mo in cash flow. Total monthly income is $2,918/mo, and annual cash flow is $56/yr on $112,710 invested. Return on cash invested sits at 19.96% in year one, and rental yield is 10.3% on a $339,999 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,935 over five years. Five-year ROI reaches 106.23% and total cumulative return in cash sums $119,730. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,918/mo property income rather than buyer’s personal income.
Townhouse
Built in 2005
N/A lot
$N/A/sqft
$575 monthly 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: Elisabeth Franklin • Premier Listings
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11093483
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