1865 Palm Cove Blvd #9306Delray BeachFL33445
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1865 Palm Cove Blvd #9306, Delray Beach, FL, 33445 generates $1,401/mo in rent, after a $1,003/mo payment. Total monthly income is $1,401/mo. Return on cash invested sits at 12.1% in year one, and rental yield is 8.2% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 64.65% and total cumulative return in cash sums $43,938. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,401/mo property income rather than buyer’s personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
$399 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sylvia Gross PA • CVR Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11852906
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.