694 Brittany ODelray 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 694 Brittany O, Delray Beach, FL, 33446 priced at $119,999 converts $943/mo rent into $147/mo cash flow after a $587/mo obligation. Total monthly income equals $943/mo, and annual cash flow totals $1,764/yr on $39,780 invested. Return on cash invested prints 24.34% in year one, and rental yield reads 9.43% against a $119,999 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 127.2% and total cumulative return in cash sums $50,599. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $943/mo property income covering a $587/mo payment, not borrower’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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: Daniel Jeremy Zemlin • United Realty Group, Inc
Mls Name: BeachesMLS
Mls ID: #RX-11146949