157 Flanders DDelray 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 157 Flanders D, Delray Beach, FL, 33484 with 5% annual appreciation on a $105,000 basis while $810/mo rent supports operations. Total monthly income totals $810/mo and a $514/mo payment preserves $113/mo for cash returns. Annual cash flow comes to $1,357/yr on $34,808 deployed, and return on cash invested reaches 23.81% in year one. Equity gained on principal adds $678/yr, and five-year appreciation sums $29,010 alongside rental yield of 9.26%. Five-year ROI measures 124.46% and total cumulative return in cash totals $43,322.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $810/mo property income versus a $514/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1977
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: Marjorie Goldman Spaderna • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls ID: #RX-11134526