840 High Point Blvd UNIT CDelray BeachFL33445
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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 840 High Point Blvd UNIT C, Delray Beach, FL, 33445 priced at $145,500 pairs $2,077/mo rent with $642/mo cash flow after a $712/mo payment. Total monthly income equals $2,077/mo, and annual cash flow comes to $7,699/yr on $48,233 invested. Return on cash invested is 35.87% in year one, and rental yield stands at 17.13% on a $145,500 basis. Equity gained on principal adds $939/yr, and 5% annual appreciation accumulates to $40,199 by year five. Five-year ROI measures 193.3% and total cumulative return in cash reaches $93,237. For financing, Ziffy Mortgage’s DSCR program evaluates $2,077/mo property income against a $712/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1971
N/A lot
$N/A/sqft
$470 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33445, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,751 (100%) |
| Owner Occupied HU | 10,662 (56.9%) |
| Renter Occupied HU | 5,158 (27.5%) |
| Vacant Housing Units | 2,931 (15.6%) |
| Median Home Value | $478,837 |
| Average Home Value | $555,405 |
Housing Distribution
Address Breakdown
Residential
16,460
Single Family
12,659
Multi-Family
3,801
Businesses
839
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Listed by: Carol Medina • LoKation
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10441219
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.