892 N High Point Boulevard #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 892 N High Point Boulevard #C, Delray Beach, FL, 33445 priced at $217,000 converts $1,505/mo rent into after a $1,062/mo obligation. Total monthly income equals $1,505/mo. Return on cash invested prints 12.2% in year one, and rental yield reads 8.32% against a $217,000 entry. Equity gained on principal adds $1,400/yr, while 5% annual appreciation compiles into $59,953 by year five. Five-year ROI reaches 65.28% and total cumulative return in cash sums $46,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,505/mo property income covering a $1,062/mo payment, not borrower’s personal income.
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: Lisa McKeon • Premier Listings
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11076373
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