14516 Canalview Dr APT BDelray BeachFL33484
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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 14516 Canalview Dr APT B, Delray Beach, FL, 33484 uses $66,996 cash to close to unlock $8,232/yr annual cash flow and $686/mo monthly cash flow. Total monthly income runs $2,027/mo, and a $989/mo payment keeps the spread at $686/mo. Purchase price stands at $202,100, and rental yield measures 12.04% with $2,027/mo rent. Return on cash invested shows 32.2% in year one, and 5% annual appreciation builds toward $55,837 over five years. Five-year ROI reaches 169.38% and total cumulative return in cash records $113,479. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,027/mo property income covering a $989/mo payment rather than investor’s personal income.
Condo
Built in 1981
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33484, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,635 (100%) |
| Owner Occupied HU | 12,163 (65.3%) |
| Renter Occupied HU | 3,234 (17.4%) |
| Vacant Housing Units | 3,238 (17.4%) |
| Median Home Value | $325,221 |
| Average Home Value | $402,350 |
Housing Distribution
Address Breakdown
Residential
17,354
Single Family
9,426
Multi-Family
7,928
Businesses
438
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