515 High Point Drive #ADelray BeachFL33445
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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 515 High Point Drive #A, Delray Beach, FL, 33445 offers $1,476/mo rent that, after a $910/mo payment, leaves $242/mo cash flow. Total monthly income is $1,476/mo, and annual cash flow is $2,907/yr on $61,626 cash. Return on cash invested measures 24.63% in year one, and rental yield stands at 9.53% at a $185,900 entry. Equity gained on principal adds $1,200/yr while 5% annual appreciation compounds into $51,361 by year five. Five-year ROI records 128.79% and total cumulative return in cash reaches $79,365. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,476/mo property income versus a $910/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33445, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,751 (100%) |
| Owner Occupied HU | 10,662 (56.9%) |
| Renter Occupied HU | 5,158 (27.5%) |
| Vacant Housing Units | 2,931 (15.6%) |
| Median Home Value | $478,837 |
| Average Home Value | $555,405 |
Housing Distribution
Address Breakdown
Residential
16,460
Single Family
12,659
Multi-Family
3,801
Businesses
839
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Listed by: Patricia Diane Ryan • United Realty Group, Inc
Mls Name: BeachesMLS
Mls ID: #RX-11157058