310 High Point Blvd APT ADelray 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 310 High Point Blvd APT A, Delray Beach, FL, 33445 priced at $240,000 converts $1,604/mo rent into $11/mo cash flow after a $1,175/mo obligation. Total monthly income equals $1,604/mo, and annual cash flow totals $132/yr on $79,560 invested. Return on cash invested prints 20.07% in year one, and rental yield reads 8.02% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 104.3% and total cumulative return in cash sums $82,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,604/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Condo
Built in 1971
1 Acres 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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