306 NE 2nd Street Loft Units #(110, 111 & 112)Delray 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 306 NE 2nd Street Loft Units #(110, 111 & 112), Delray Beach, FL, 33483 offers a 3.92% rental yield on a $1,160,000 purchase with $3,791/mo rent. 89% in year one. Equity gained on principal adds $7,485/yr while 5% annual appreciation supports $320,487 over five years. Portfolio math shows five-year ROI at 38.92% and total cumulative return in cash at $146,261. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,791/mo property income against a $5,678/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2026
0.31 Acres 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: Erin Jean Omiatek • One Sotheby's International Realty
Mls Name: BeachesMLS
Mls ID: #RX-11124941