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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Delray Beach at 7602 Red Ruby Drive, Delray Beach, FL, 33446 uses $99,119 cash to close to unlock $11,199/yr annual cash flow and $933/mo monthly cash flow. Total monthly income runs $3,792/mo, and a $1,463/mo payment keeps the spread at $933/mo. Purchase price stands at $299,000, and rental yield measures 15.22% with $3,792/mo rent. Return on cash invested shows 31.21% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 167.88% and total cumulative return in cash records $166,402. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,792/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1989
2,274 sqft lot
$N/A/sqft
$875 monthly HOA
Neighborhood data shown for ZIP Code: 33446, Delray Beach, FL area.
| 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 |
Residential
18,652
Single Family
11,325
Multi-Family
7,327
Businesses
501
Date | Event | Price |
|---|---|---|
| 2024-10-26 | Listed for sale | $299,000 |
| 2003-10-30 | Sold | $215,000 |
| 2002-01-08 | Sold | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-14 | $1856.00 | -2.11% | $136,929 | 3.00% |
| 2022-11-14 | $1896.00 | 1.99% | $132,941 | 3.00% |
| 2021-11-14 | $1859.00 | 1.11% | $129,069 | 1.40% |
Listed by: Shelly Rappel • All Platinum Properties, LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11031735
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
