642 Normandy N #642Delray BeachFL33484
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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 642 Normandy N #642, Delray Beach, FL, 33484 uses $56,024 cash to close to unlock $2,552/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $1,334/mo, and a $827/mo payment keeps the spread at $213/mo. Purchase price stands at $169,000, and rental yield measures 9.47% with $1,334/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 127.89% and total cumulative return in cash records $71,647. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,334/mo property income covering a $827/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33484, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,635 (100%) |
| Owner Occupied HU | 12,163 (65.3%) |
| Renter Occupied HU | 3,234 (17.4%) |
| Vacant Housing Units | 3,238 (17.4%) |
| Median Home Value | $325,221 |
| Average Home Value | $402,350 |
Housing Distribution
Address Breakdown
Residential
17,354
Single Family
9,426
Multi-Family
7,928
Businesses
438
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Listed by: Julieta Renteria • Grand Realty of America, Corp.
Mls Name: MIAMI
Mls ID: #A11905299