2220 S Ocean Boulevard #904Delray 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 2220 S Ocean Boulevard #904, Delray Beach, FL, 33483 earns $2,836/mo cash flow from $8,855/mo rent with a $4,439/mo payment. Total monthly income totals $8,855/mo, and annual cash flow totals $34,036/yr on $298,403 capital. ROI tracks 31.47% on current figures, and rental yield reads 11.72% at a $907,000 purchase. Equity gained on principal adds $5,853/yr, and 5% annual appreciation supports $250,587 over five years. Five-year ROI reaches 165.38% and total cumulative return in cash sums $493,501. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $8,855/mo property income instead of your personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No 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: Samantha Lynn Johnsen • RJM Real Estate Corp.
Mls Name: BeachesMLS
Mls ID: #RX-11153962