3421 Spanish Trl APT 329Delray 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 3421 Spanish Trl APT 329, Delray Beach, FL, 33483 earns $362/mo cash flow from $3,349/mo rent with a $2,203/mo payment. Total monthly income totals $3,349/mo, and annual cash flow totals $4,347/yr on $149,175 capital. ROI tracks 22.82% on current figures, and rental yield reads 8.93% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 119.07% and total cumulative return in cash sums $177,630. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,349/mo property income instead of your personal income.
Condo
Built in 1969
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: Kris Peace • The Keyes Company
Mls Name: The Keyes Company/Realtors
Mls ID: #R11113587