900 Dogwood Drive #538Delray 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 900 Dogwood Drive #538, Delray Beach, FL, 33483 generates $3,061/mo in rent and, after a $1,591/mo payment, leaves $904/mo in cash flow. Total monthly income is $3,061/mo, and annual cash flow is $10,848/yr on $107,738 invested. Return on cash invested sits at 29.98% in year one, and rental yield is 11.3% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 157.42% and total cumulative return in cash sums $169,597. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,061/mo property income rather than buyer’s personal income.
Condo
Built in 1974
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: Brett A Colby • RE/MAX Direct
Mls Name: BeachesMLS
Mls ID: #RX-11149759