877 Flanders SDelray BeachFL33484
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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
Investment property for sale in Delray Beach at 877 Flanders S, Delray Beach, FL, 33484 listed at $105,900 pairs $1,749/mo rent with a $518/mo payment to leave $1,047/mo cash flow. Total monthly income runs $1,749/mo, and annual cash flow reaches $12,559/yr on $35,106 cash to close. Return on cash invested measures 55.68% in year one, and rental yield registers 19.82% at a $105,900 basis. Equity gained on principal adds $683/yr, and annual property appreciation at 5% supports $29,258 by year five. Five-year ROI tracks 295.32% and total cumulative return in cash totals $103,676. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,749/mo property income relative to a $518/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33484, Delray Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,635 (100%) |
| Owner Occupied HU | 12,163 (65.3%) |
| Renter Occupied HU | 3,234 (17.4%) |
| Vacant Housing Units | 3,238 (17.4%) |
| Median Home Value | $325,221 |
| Average Home Value | $402,350 |
Housing Distribution
Address Breakdown
Residential
17,354
Single Family
9,426
Multi-Family
7,928
Businesses
438
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Listed by: Lauren Kydes • Florida's Best Realty Services
Mls Name: BeachesMLS
Mls ID: #RX-11150598