7438 Carmela WayDelray 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 7438 Carmela Way, Delray Beach, FL, 33446 offers $6,994/mo rent that, after a $4,650/mo payment, leaves $689/mo cash flow. Total monthly income is $6,994/mo, and annual cash flow is $8,273/yr on $312,550 cash. Return on cash invested measures 22.71% in year one, and rental yield stands at 8.83% at a $950,000 entry. Equity gained on principal adds $6,130/yr while 5% annual appreciation compounds into $262,467 by year five. Five-year ROI records 118.41% and total cumulative return in cash reaches $370,082. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,994/mo property income versus a $4,650/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
8,494 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Roberta Feuerstein • Lang Realty/ BR
Mls Name: BeachesMLS
Mls ID: #RX-11043153