3401 Spanish Trl APT 454Delray 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 3401 Spanish Trl APT 454, Delray Beach, FL, 33483 uses $128,954 cash to close to unlock $1,974/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $2,746/mo, and a $1,904/mo payment keeps the spread at $164/mo. Purchase price stands at $389,000, and rental yield measures 8.47% with $2,746/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 111.65% and total cumulative return in cash records $143,982. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,746/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Condo
Built in 1970
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: Marie Occhigrossi • Marie L Occhigrossi
Mls Name: MIAMI
Mls ID: #A11885456