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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Delray Beach at 222 SW 15th Ave, Delray Beach, FL, 33444 listed at $585,000 pairs $6,600/mo rent with a $2,863/mo payment to leave $2,572/mo cash flow. Total monthly income runs $6,600/mo, and annual cash flow reaches $30,863/yr on $192,465 cash to close. Return on cash invested measures 36.1% in year one, and rental yield registers 13.54% at a $585,000 basis. Equity gained on principal adds $3,775/yr, and annual property appreciation at 5% supports $161,625 by year five. Five-year ROI tracks 190.53% and total cumulative return in cash totals $366,702. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,600/mo property income relative to a $2,863/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-09-11 | Listed for sale | $585,000 |
| 2021-10-13 | Sold | $360,000 |
| 2021-09-07 | Pending sale | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-16 | $6961.00 | 11.72% | $337,154 | 10.00% |
| 2022-11-16 | $6231.00 | 24.72% | $306,504 | 30.41% |
| 2021-11-16 | $4996.00 | 32.55% | $235,026 | 36.07% |
Listed by: Carlos Montoya • Fidelity Real Estate Group LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10459839
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.
