249 Cardinal LaneDelray BeachFL33445
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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 249 Cardinal Lane, Delray Beach, FL, 33445 with 5% annual appreciation on a $270,000 basis while $1,852/mo rent supports operations. Total monthly income totals $1,852/mo and a $1,322/mo payment preserves $60/mo for cash returns. Annual cash flow comes to $717/yr on $89,505 deployed, and return on cash invested reaches 20.71% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,596 alongside rental yield of 8.23%. Five-year ROI measures 107.73% and total cumulative return in cash totals $96,421.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,852/mo property income versus a $1,322/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33445, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,751 (100%) |
| Owner Occupied HU | 10,662 (56.9%) |
| Renter Occupied HU | 5,158 (27.5%) |
| Vacant Housing Units | 2,931 (15.6%) |
| Median Home Value | $478,837 |
| Average Home Value | $555,405 |
Housing Distribution
Address Breakdown
Residential
16,460
Single Family
12,659
Multi-Family
3,801
Businesses
839
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Listed by: Jennifer Chu • Keyes - Boca East
Mls Name: BeachesMLS
Mls ID: #RX-11140937