2809 Florida Boulevard #408Delray BeachFL33483
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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 2809 Florida Boulevard #408, Delray Beach, FL, 33483 uses $145,529 cash to close to unlock $149/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $2,926/mo, and a $2,149/mo payment keeps the spread at $12/mo. Purchase price stands at $439,000, and rental yield measures 8% with $2,926/mo rent. Return on cash invested shows 20.01% in year one, and 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 103.99% and total cumulative return in cash records $151,328. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,926/mo property income covering a $2,149/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33483, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,211 (100%) |
| Owner Occupied HU | 5,172 (50.7%) |
| Renter Occupied HU | 2,337 (22.9%) |
| Vacant Housing Units | 2,702 (26.5%) |
| Median Home Value | $996,479 |
| Average Home Value | $1,221,770 |
Housing Distribution
Address Breakdown
Residential
9,082
Single Family
4,818
Multi-Family
4,264
Businesses
1,287
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Listed by: Jeanne Gawlas Johnston • Lang Realty/BR
Mls Name: BeachesMLS
Mls ID: #RX-11149578