16673 Madrid CourtDelray 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 16673 Madrid Court, Delray Beach, FL, 33484 generates $7,144/mo in rent and, after a $3,549/mo payment, leaves $2,332/mo in cash flow. Total monthly income is $7,144/mo, and annual cash flow is $27,987/yr on $238,525 invested. Return on cash invested sits at 31.79% in year one, and rental yield is 11.82% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 167.14% and total cumulative return in cash sums $398,681. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,144/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
8,269 sqft 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: Lisa Wennick • Douglas Elliman
Mls Name: BeachesMLS
Mls ID: #RX-11136888