277 W High Point Court #BDelray 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
Rental property for sale in Delray Beach at 277 W High Point Court #B, Delray Beach, FL, 33445 offers $1,955/mo rent that, after a $1,052/mo payment, leaves $529/mo cash flow. Total monthly income is $1,955/mo, and annual cash flow is $6,342/yr on $71,273 cash. Return on cash invested measures 28.81% in year one, and rental yield stands at 10.91% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 151.16% and total cumulative return in cash reaches $107,737. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,955/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1971
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: Ioannis Frygoudakis • Beachfront Properties Real Estate LLC
Mls Name: BeachesMLS
Mls ID: #RX-11123941