1674 E Classical BoulevardDelray BeachFL33445
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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 1674 E Classical Boulevard, Delray Beach, FL, 33445 generates $6,257/mo in rent and, after a $4,400/mo payment, leaves $41/mo in cash flow. Total monthly income is $6,257/mo, and annual cash flow is $495/yr on $295,771 invested. Return on cash invested sits at 20.23% in year one, and rental yield is 8.35% on a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 105.48% and total cumulative return in cash sums $311,986. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,257/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33445, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,751 (100%) |
| Owner Occupied HU | 10,662 (56.9%) |
| Renter Occupied HU | 5,158 (27.5%) |
| Vacant Housing Units | 2,931 (15.6%) |
| Median Home Value | $478,837 |
| Average Home Value | $555,405 |
Housing Distribution
Address Breakdown
Residential
16,460
Single Family
12,659
Multi-Family
3,801
Businesses
839
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Listed by: Kirsten Kopp • Kirsten Kopp Real Estate
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10998243
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.