225 NE 1st St UNIT 403 PH-03Delray BeachFL33444
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 225 NE 1st St UNIT 403 PH-03, Delray Beach, FL, 33444 in Delray Beach is the 1.58 coverage ratio: rent of $6,031/mo versus a $3,822/mo debt payment on a $849,900 property. Rental yield 8.52%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $234,812 by year five, with $7,828/yr in equity from paydown. Total projected cumulative return: $289,309.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.2% |
| Monthly Cash Flow | $(605) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $6,031 |
| Total Monthly Debt Service | $6,298 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2008
N/A lot
$N/A/sqft
$996 monthly HOA
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
Condo
Built in 2008
N/A lot
$N/A/sqft
$996 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Miko Mansour • Wiz Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10483142
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 2025 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.