3115 Pierson DriveDelray 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
Total monthly income runs $5,708/mo, and a $6,363/mo payment. Purchase price stands at $1,300,000, and rental yield measures 5.27% with $5,708/mo rent. Return on cash invested shows 12.05% in year one, and 5% annual appreciation builds toward $359,166 over five years. Five-year ROI reaches 61.22% and total cumulative return in cash records $257,847. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,708/mo property income covering a $6,363/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.35 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
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Listed by: Jordan Sorman • Signature International RE
Mls Name: BeachesMLS
Mls ID: #RX-11133510