555 Banyan Tree Lane #209Delray 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 555 Banyan Tree Lane #209, Delray Beach, FL, 33483 uses $115,528 cash to close to unlock $26,986/yr annual cash flow and $2,249/mo monthly cash flow. Total monthly income runs $5,179/mo, and a $1,706/mo payment keeps the spread at $2,249/mo. Purchase price stands at $348,500, and rental yield measures 17.83% with $5,179/mo rent. Return on cash invested shows 43.27% in year one, and 5% annual appreciation builds toward $96,284 over five years. Five-year ROI reaches 231.01% and total cumulative return in cash records $266,879. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,179/mo property income covering a $1,706/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$598 monthly 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: Isaac Shasho • EXP Realty LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10985388
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.