629 SE 4th 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
Rental property for sale in Delray Beach at 629 SE 4th Avenue, Delray Beach, FL, 33483 generates $6,149/mo in rent and, after a $4,405/mo payment, leaves $177/mo in cash flow. Total monthly income is $6,149/mo, and annual cash flow is $2,120/yr on $296,067 invested. Return on cash invested sits at 20.78% in year one, and rental yield is 8.2% on a $899,900 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation builds toward $248,626 over five years. Five-year ROI reaches 108.05% and total cumulative return in cash sums $319,900. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,149/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,687 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: Stephen J Martel • Coldwell Banker Realty /Delray Beach
Mls Name: BeachesMLS
Mls ID: #RX-11119273