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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Delray Beach at 15035 Michelangelo Boulevard #106, Delray Beach, FL, 33446 generates $2,672/mo in rent and, after a $1,566/mo payment, leaves $114/mo in cash flow. Total monthly income is $2,672/mo, and annual cash flow is $1,371/yr on $106,047 invested. Return on cash invested sits at 21.2% in year one, and rental yield is 10.02% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 112.17% and total cumulative return in cash sums $118,952. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,672/mo property income rather than buyer’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$345 monthly HOA
Neighborhood data shown for ZIP Code: 33446, Delray Beach, FL area.
| 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 |
Residential
18,652
Single Family
11,325
Multi-Family
7,327
Businesses
501
Date | Event | Price |
|---|---|---|
| 2020-11-01 | Listing removed | $1,650 |
| 2020-04-13 | Listed for rent | $1,650 |
| 2016-07-11 | Listing removed | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-17 | $3923.00 | 5.06% | $216,849 | 10.00% |
| 2023-05-17 | $3734.00 | 6.75% | $197,135 | 10.00% |
| 2022-05-17 | $3498.00 | 14.31% | $179,214 | 10.00% |
Listed by: Anthony Vitale • Compass Florida LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11091375
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
