15185 Michelangelo Boulevard #202Delray 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
Rental property for sale in Delray Beach at 15185 Michelangelo Boulevard #202, Delray Beach, FL, 33446 generates $3,292/mo in rent and, after a $1,804/mo payment, leaves $846/mo in cash flow. Total monthly income is $3,292/mo, and annual cash flow is $10,154/yr on $122,158 invested. Return on cash invested sits at 28.22% in year one, and rental yield is 10.72% on a $368,500 entry. Equity gained on principal adds $2,378/yr, while 5% annual appreciation builds toward $101,810 over five years. Five-year ROI reaches 148.03% and total cumulative return in cash sums $180,830. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,292/mo property income rather than buyer’s personal income.
Condo
Built in 2001
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: Curtis H Bennett • Coldwell Banker Realty /Delray Beach
Mls Name: BeachesMLS
Mls ID: #RX-11127892