604 Hummingbird LaneDelray 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 604 Hummingbird Lane, Delray Beach, FL, 33445 priced at $265,000 converts $2,514/mo rent into $755/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,514/mo, and annual cash flow totals $9,066/yr on $87,848 invested. Return on cash invested prints 30.23% in year one, and rental yield reads 11.38% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 158.79% and total cumulative return in cash sums $139,491. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,514/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Condo
Built in 1975
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: Paul Jay Saperstein • EXP Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11160338