15244 Lakes Of Delray Blvd #108Delray 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 15244 Lakes Of Delray Blvd #108, Delray Beach, FL, 33484 earns $86/mo cash flow from $2,143/mo rent with a $1,517/mo payment. Total monthly income totals $2,143/mo, and annual cash flow totals $1,035/yr on $102,732 capital. ROI tracks 20.92% on current figures, and rental yield reads 8.3% at a $309,900 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 over five years. Five-year ROI reaches 108.87% and total cumulative return in cash sums $111,840. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,143/mo property income instead of your personal income.
Condo
Built in 1988
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: Evan Helfman • Realty Express
Mls Name: BeachesMLS
Mls ID: #F10548652