6978 SE Delegate StreetHobe SoundFL33455
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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 Hobe Sound at 6978 SE Delegate Street, Hobe Sound, FL, 33455 priced at $140,000 pairs $1,121/mo rent with $192/mo cash flow after a $685/mo payment. Total monthly income equals $1,121/mo, and annual cash flow comes to $2,306/yr on $46,410 invested. Return on cash invested is 24.88% in year one, and rental yield stands at 9.61% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 130.16% and total cumulative return in cash reaches $60,406. For financing, Ziffy Mortgage’s DSCR program evaluates $1,121/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1986
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33455, Hobe Sound, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,635 (100%) |
| Owner Occupied HU | 8,822 (69.8%) |
| Renter Occupied HU | 1,721 (13.6%) |
| Vacant Housing Units | 2,092 (16.6%) |
| Median Home Value | $463,889 |
| Average Home Value | $609,960 |
Housing Distribution
Address Breakdown
Residential
11,569
Single Family
10,778
Multi-Family
791
Businesses
504
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Listed by: Matt Harrington • HW Real Estate Inc
Mls Name: BeachesMLS
Mls ID: #RX-11141080