753 Flanders Dr #753-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 753 Flanders Dr #753-P, Delray Beach, FL, 33484 uses $65,604 cash to close to unlock $9,340/yr annual cash flow and $778/mo monthly cash flow. Total monthly income runs $2,908/mo, and a $969/mo payment keeps the spread at $778/mo. Purchase price stands at $197,900, and rental yield measures 17.63% with $2,908/mo rent. Return on cash invested shows 34.15% in year one, and 5% annual appreciation builds toward $54,676 over five years. Five-year ROI reaches 185.23% and total cumulative return in cash records $121,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,908/mo property income covering a $969/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$816 monthly 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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Listed by: Priscila Carrella • Piquet Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11636923
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.