15244 Lakes Of Delray Boulevard #103Delray 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
Rental property for sale in Delray Beach at 15244 Lakes Of Delray Boulevard #103, Delray Beach, FL, 33484 generates $1,815/mo in rent and, after a $1,268/mo payment, leaves $96/mo in cash flow. Total monthly income is $1,815/mo, and annual cash flow is $1,151/yr on $85,859 invested. Return on cash invested sits at 21.25% in year one, and rental yield is 8.41% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 110.61% and total cumulative return in cash sums $94,972. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,815/mo property income rather than buyer’s 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: Diane Gray • The Keyes Company
Mls Name: BeachesMLS
Mls ID: #RX-11119356