1835 S Ocean Boulevard UNIT CDelray BeachFL33483
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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 1835 S Ocean Boulevard UNIT C, Delray Beach, FL, 33483 offers a 4.75% rental yield on a $1,875,000 purchase with $7,426/mo rent. 49% in year one. Equity gained on principal adds $12,099/yr while 5% annual appreciation supports $518,028 over five years. Portfolio math shows five-year ROI at 42.8% and total cumulative return in cash at $260,018. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,426/mo property income against a $9,177/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
2,662 sqft lot
$N/A/sqft
$1,000 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33483, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,211 (100%) |
| Owner Occupied HU | 5,172 (50.7%) |
| Renter Occupied HU | 2,337 (22.9%) |
| Vacant Housing Units | 2,702 (26.5%) |
| Median Home Value | $996,479 |
| Average Home Value | $1,221,770 |
Housing Distribution
Address Breakdown
Residential
9,082
Single Family
4,818
Multi-Family
4,264
Businesses
1,287
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Listed by: Natalia Reid • One Sotheby's International Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11027294
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.