7303 Morocca Lake DriveDelray 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
Investment property for sale in Delray Beach at 7303 Morocca Lake Drive, Delray Beach, FL, 33446 uses $206,941 cash to close to unlock $8,598/yr annual cash flow and $716/mo monthly cash flow. Total monthly income runs $4,891/mo, and a $3,079/mo payment keeps the spread at $716/mo. Purchase price stands at $629,000, and rental yield measures 9.33% with $4,891/mo rent. Return on cash invested shows 24.22% in year one, and 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 126.5% and total cumulative return in cash records $261,777. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,891/mo property income covering a $3,079/mo payment rather than investor’s personal income.
Single Family
Built in 2001
5,436 sqft 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: Maura Slaughter • RE/MAX Select Group
Mls Name: BeachesMLS
Mls ID: #RX-11137041