6877 Balboa Island CourtDelray BeachFL33446








Nearby investment properties with comparable rents
Nearby investment properties with comparable prices

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 6877 Balboa Island Court, Delray Beach, FL, 33446 priced at $1,275,000 converts $4,558/mo rent into after a $6,240/mo obligation. Total monthly income equals $4,558/mo. Return on cash invested prints 6.57% in year one, and rental yield reads 4.29% against a $1,275,000 entry. Equity gained on principal adds $8,227/yr, while 5% annual appreciation compiles into $352,259 by year five. Five-year ROI reaches 32.7% and total cumulative return in cash sums $135,074. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,558/mo property income covering a $6,240/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.25 Acres lot
$N/A/sqft
$849 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-02-08 | Listed for sale | $1,275,000 |
| 2016-10-26 | Sold | $874,250 |
| 2016-07-05 | Price change | $899,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $8868.00 | 0.74% | $553,797 | 3.00% |
| 2022-02-14 | $8803.00 | 0.33% | $537,667 | 3.00% |
| 2021-02-14 | $8774.00 | 0.60% | $522,007 | 1.40% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices



Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2005
- Architectural Style: Mediterranean,Ranch
- Building Area: 4,065
- Living Area: 3,352 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: Carpet, Laminate, Other
- Interior Features: Closet Cabinets, Entry Lvl Lvng Area, Entrance Foyer, Pantry, Split Bedroom, Volume Ceiling, Walk-In Closet(s)
- Exterior Features: Auto Sprinkler, Lake/Canal Sprinkler, Room for Pool
- Parking Features: Driveway, Garage - Attached, Auto Garage Open
Location
- City: Delray Beach
- State: FL
- Subdivision: Valencia Palms 1
- Lot Size: 0.25 Acres
- Lot Features: 1/4 to 1/2 Acre
- View: Lake
HOA & Fees
- HOA Fee: $849 monthly
- Association Fee: $849 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Cable TV, Maintenance Grounds, Management Fees, Manager, Security
Utilities
- Utilities: Cable Connected, Electricity Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Stephanie Kaufman • Lang Realty/ BR
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11059001
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.








