836 Kokomo Key LaneDelray 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 836 Kokomo Key Lane, Delray Beach, FL, 33483 offers $3,357/mo rent that, after a $2,594/mo payment. Total monthly income is $3,357/mo. Return on cash invested measures 18.96% in year one, and rental yield stands at 7.6% at a $530,000 entry. Equity gained on principal adds $3,420/yr while 5% annual appreciation compounds into $146,429 by year five. Five-year ROI records 98.29% and total cumulative return in cash reaches $171,391. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,357/mo property income versus a $2,594/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1996
1,150 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: Stephanie Kaufman • Lang Realty/BR
Mls Name: BeachesMLS
Mls ID: #RX-11155440