1940 NW 13th Street #12-ADelray 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
Investment property for sale in Delray Beach at 1940 NW 13th Street #12-A, Delray Beach, FL, 33445 uses $92,489 cash to close to unlock $10,045/yr annual cash flow and $837/mo monthly cash flow. Total monthly income runs $2,689/mo, and a $1,366/mo payment keeps the spread at $837/mo. Purchase price stands at $279,000, and rental yield measures 11.57% with $2,689/mo rent. Return on cash invested shows 30.77% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 161.72% and total cumulative return in cash records $149,575. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,689/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No 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: Michael A Coppola • Real - ativity
Mls Name: BeachesMLS
Mls ID: #RX-11149117