2900 Florida Boulevard #119Delray BeachFL33483
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 2900 Florida Boulevard #119, Delray Beach, FL, 33483 listed at $385,000 pairs $2,624/mo rent with a $1,884/mo payment to leave $69/mo cash flow. Total monthly income runs $2,624/mo, and annual cash flow reaches $834/yr on $127,628 cash to close. Return on cash invested measures 20.56% in year one, and rental yield registers 8.18% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 106.94% and total cumulative return in cash totals $136,486. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,624/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Vacchetto • Premier Listings
Mls Name: BeachesMLS
Mls ID: #RX-11121654