86 Macfarlane Drive #4hDelray 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 #4h, Delray Beach, FL, 33483 priced at $648,000 pairs $4,812/mo rent with $511/mo cash flow after a $3,172/mo payment. Total monthly income equals $4,812/mo, and annual cash flow comes to $6,137/yr on $213,192 invested. Return on cash invested is 22.94% in year one, and rental yield stands at 8.91% on a $648,000 basis. Equity gained on principal adds $4,181/yr, and 5% annual appreciation accumulates to $179,030 by year five. Five-year ROI measures 119.65% and total cumulative return in cash reaches $255,094. For financing, Ziffy Mortgage’s DSCR program evaluates $4,812/mo property income against a $3,172/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1967
N/A 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: Michelle A Yales • Douglas Elliman
Mls Name: BeachesMLS
Mls ID: #RX-11064470