237 Normandy #EDelray BeachFL33484
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
Investment Highlights
Investment property for sale in Delray Beach at 237 Normandy #E, Delray Beach, FL, 33484 at $157,400 posts ROI 24.23% with $188/mo cash flow from $1,232/mo rent. Total monthly income equals $1,232/mo, and annual cash flow records $2,254/yr on $52,178 to close. Return on cash invested measures 24.23% and rental yield reads 9.39% at the current $157,400. Equity gained on principal adds $1,016/yr, and 5% annual appreciation supports $43,487 by year five. Five-year ROI prints 126.61% and total cumulative return in cash totals $66,061.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,232/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33484, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,635 (100%) |
| Owner Occupied HU | 12,163 (65.3%) |
| Renter Occupied HU | 3,234 (17.4%) |
| Vacant Housing Units | 3,238 (17.4%) |
| Median Home Value | $325,221 |
| Average Home Value | $402,350 |
Housing Distribution
Address Breakdown
Residential
17,354
Single Family
9,426
Multi-Family
7,928
Businesses
438
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Listed by: Eleanor Powers • Coldwell Banker Realty /Delray Beach
Mls Name: BeachesMLS
Mls ID: #RX-11088396