15217 Lakes Of Delray Boulevard #90Delray 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 15217 Lakes Of Delray Boulevard #90, Delray Beach, FL, 33484 offers a 9.32% rental yield on a $144,900 purchase with $1,125/mo rent. Total monthly income registers $1,125/mo, and a $709/mo payment leaves $164/mo available for distribution. Annual cash flow reaches $1,964/yr on $48,034 to close, and return on cash invested stands at 24% in year one. Equity gained on principal adds $935/yr while 5% annual appreciation supports $40,033 over five years. Portfolio math shows five-year ROI at 125.36% and total cumulative return in cash at $60,217. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,125/mo property income against a $709/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A 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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Listed by: Edwin L Brachman • United Realty Group, Inc
Mls Name: BeachesMLS
Mls ID: #RX-11140538