86 Macfarlane Drive #2-GDelray 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 86 Macfarlane Drive #2-G, Delray Beach, FL, 33483 priced at $725,000 pairs $6,977/mo rent with $280/mo cash flow after a $3,549/mo payment. Total monthly income equals $6,977/mo, and annual cash flow comes to $3,358/yr on $238,525 invested. Return on cash invested is 21.47% in year one, and rental yield stands at 11.55% on a $725,000 basis. Equity gained on principal adds $4,678/yr, and 5% annual appreciation accumulates to $200,304 by year five. Five-year ROI measures 115.19% and total cumulative return in cash reaches $274,769. For financing, Ziffy Mortgage’s DSCR program evaluates $6,977/mo property income against a $3,549/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1967
N/A lot
$N/A/sqft
$1,671 monthly 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: Patricia Burke • One Sotheby's International Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11032123
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.