14873 Cumberland Drive #2020Delray BeachFL33446
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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 14873 Cumberland Drive #2020, Delray Beach, FL, 33446 offers a 9.49% rental yield on a $155,000 purchase with $1,226/mo rent. Total monthly income registers $1,226/mo, and a $759/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,364/yr on $51,383 to close, and return on cash invested stands at 24.51% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 128.2% and total cumulative return in cash at $65,872. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,226/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
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
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Listed by: Gia Marie Freer • PBP Real Estate LLC
Mls Name: BeachesMLS
Mls ID: #RX-11143382