16324 Country Lake Cir #16324Delray 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 16324 Country Lake Cir #16324, Delray Beach, FL, 33484 uses $99,417 cash to close to unlock $10,676/yr annual cash flow and $890/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,468/mo payment keeps the spread at $890/mo. Purchase price stands at $299,900, and rental yield measures 11.52% with $2,880/mo rent. Return on cash invested shows 30.65% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 161.02% and total cumulative return in cash records $160,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Townhouse
Built in 1983
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: Jorge Zea • Blue Lighthouse Realty, INC
Mls Name: BeachesMLS
Mls ID: #F10548268