23 Abbey Ln #202Delray BeachFL33446
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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 23 Abbey Ln #202, Delray Beach, FL, 33446 earns $154/mo cash flow from $1,147/mo rent with a $732/mo payment. Total monthly income totals $1,147/mo, and annual cash flow totals $1,853/yr on $49,592 capital. ROI tracks 23.65% on current figures, and rental yield reads 9.2% at a $149,600 purchase. Equity gained on principal adds $965/yr, and 5% annual appreciation supports $41,332 over five years. Five-year ROI reaches 123.53% and total cumulative return in cash sums $61,260. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,147/mo property income instead of your personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33446, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,612 (100%) |
| Owner Occupied HU | 13,827 (70.5%) |
| Renter Occupied HU | 2,434 (12.4%) |
| Vacant Housing Units | 3,351 (17.1%) |
| Median Home Value | $558,273 |
| Average Home Value | $649,778 |
Housing Distribution
Address Breakdown
Residential
18,652
Single Family
11,325
Multi-Family
7,327
Businesses
501
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Listed by: Phyllis Hoffer • United Realty Group Inc
Mls Name: BeachesMLS
Mls ID: #F10524157