802 Andrews AvenueDelray BeachFL33483
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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
Rental property for sale in Delray Beach at 802 Andrews Avenue, Delray Beach, FL, 33483 offers $6,022/mo rent that, after a $9,275/mo payment. Total monthly income is $6,022/mo. Return on cash invested measures 7.56% in year one, and rental yield stands at 3.81% at a $1,895,000 entry. Equity gained on principal adds $12,228/yr while 5% annual appreciation compounds into $523,554 by year five. Five-year ROI records 37.13% and total cumulative return in cash reaches $227,969. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,022/mo property income versus a $9,275/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1988
4,905 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33483, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,211 (100%) |
| Owner Occupied HU | 5,172 (50.7%) |
| Renter Occupied HU | 2,337 (22.9%) |
| Vacant Housing Units | 2,702 (26.5%) |
| Median Home Value | $996,479 |
| Average Home Value | $1,221,770 |
Housing Distribution
Address Breakdown
Residential
9,082
Single Family
4,818
Multi-Family
4,264
Businesses
1,287
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Listed by: Mark C Barone • Compass Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11144964