16021 Loch Katrine Trail #7402Delray BeachFL33446
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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 16021 Loch Katrine Trail #7402, Delray Beach, FL, 33446 earns $238/mo cash flow from $1,559/mo rent with a $974/mo payment. Total monthly income totals $1,559/mo, and annual cash flow totals $2,861/yr on $65,969 capital. ROI tracks 24.25% on current figures, and rental yield reads 9.4% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 126.72% and total cumulative return in cash sums $83,598. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,559/mo property income instead of your personal income.
Condo
Built in 1987
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
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Listed by: Ana Paula King • Compass Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11150784