617 SE 2nd AvenueDelray 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
Total monthly income runs $3,400/mo, and a $5,873/mo payment. Purchase price stands at $1,200,000, and rental yield measures 3.4% with $3,400/mo rent. Return on cash invested shows 6.29% in year one, and 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 30.29% and total cumulative return in cash records $117,767. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,400/mo property income covering a $5,873/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.31 sqft lot
$N/A/sqft
No 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: Anthony H Petrolia • RE/MAX Services
Mls Name: BeachesMLS
Mls ID: #RX-11089279