724 Flanders Dr #PDelray 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 724 Flanders Dr #P, Delray Beach, FL, 33484 listed at $115,000 pairs $869/mo rent with a $563/mo payment to leave $106/mo cash flow. Total monthly income runs $869/mo, and annual cash flow reaches $1,269/yr on $38,123 cash to close. Return on cash invested measures 23.24% in year one, and rental yield registers 9.07% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 121.28% and total cumulative return in cash totals $46,233. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $869/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
1 Acres 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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