14475 Strathmore Lane #401Delray BeachFL33446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 14475 Strathmore Lane #401, Delray Beach, FL, 33446 uses $86,157 cash to close to unlock $1,060/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $1,813/mo, and a $1,272/mo payment keeps the spread at $88/mo. Purchase price stands at $259,900, and rental yield measures 8.37% with $1,813/mo rent. Return on cash invested shows 21.14% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 110.04% and total cumulative return in cash records $94,810. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,813/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Clark Current • Douglas Elliman
Mls Name: BeachesMLS
Mls ID: #RX-11109824