643 Monaco N #643Delray BeachFL33446
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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 643 Monaco N #643, Delray Beach, FL, 33446 generates $903/mo in rent, after a $557/mo payment. Total monthly income is $903/mo. Return on cash invested sits at 1.65% in year one, and rental yield is 9.51% on a $113,900 entry. Equity gained on principal adds $735/yr, while 5% annual appreciation builds toward $31,468 over five years. Five-year ROI reaches 13.89% and total cumulative return in cash sums $5,244. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $903/mo property income rather than buyer’s personal income.
Condo
Built in 1974
828 sqft lot
$N/A/sqft
$722 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33446, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,612 (100%) |
| Owner Occupied HU | 13,827 (70.5%) |
| Renter Occupied HU | 2,434 (12.4%) |
| Vacant Housing Units | 3,351 (17.1%) |
| Median Home Value | $558,273 |
| Average Home Value | $649,778 |
Housing Distribution
Address Breakdown
Residential
18,652
Single Family
11,325
Multi-Family
7,327
Businesses
501
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Listed by: Elisabeth Privitera • OPTIMA ONE REALTY, INC.
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #G5088851
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511