371 Burgundy Ave #HDelray BeachFL33484
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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 371 Burgundy Ave #H, Delray Beach, FL, 33484 offers $1,015/mo rent that, after a $646/mo payment. Total monthly income is $1,015/mo. Return on cash invested measures 4.38% in year one, and rental yield stands at 9.23% at a $132,000 entry. Equity gained on principal adds $852/yr while 5% annual appreciation compounds into $36,469 by year five. Five-year ROI records 27.19% and total cumulative return in cash reaches $11,899. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,015/mo property income versus a $646/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$680 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33484, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,635 (100%) |
| Owner Occupied HU | 12,163 (65.3%) |
| Renter Occupied HU | 3,234 (17.4%) |
| Vacant Housing Units | 3,238 (17.4%) |
| Median Home Value | $325,221 |
| Average Home Value | $402,350 |
Housing Distribution
Address Breakdown
Residential
17,354
Single Family
9,426
Multi-Family
7,928
Businesses
438
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Listed by: Alexander Nevidomy • Big International Realty, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11698263
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.