507 Normandy KDelray 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
Investment property for sale in Delray Beach at 507 Normandy K, Delray Beach, FL, 33484 listed at $130,000 pairs $1,024/mo rent with a $636/mo payment to leave $162/mo cash flow. Total monthly income runs $1,024/mo, and annual cash flow reaches $1,939/yr on $43,095 cash to close. Return on cash invested measures 24.41% in year one, and rental yield registers 9.45% at a $130,000 basis. Equity gained on principal adds $839/yr, and annual property appreciation at 5% supports $35,917 by year five. Five-year ROI tracks 127.59% and total cumulative return in cash totals $54,987. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,024/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
N/A lot
$N/A/sqft
No 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: Marcello Fabian Fabbri • Concierge Properties LLC
Mls Name: BeachesMLS
Mls ID: #RX-11145252