93 Normandy BDelray 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
Rental property for sale in Delray Beach at 93 Normandy B, Delray Beach, FL, 33484 generates $1,116/mo in rent and, after a $709/mo payment, leaves $155/mo in cash flow. Total monthly income is $1,116/mo, and annual cash flow is $1,856/yr on $48,034 invested. Return on cash invested sits at 23.77% in year one, and rental yield is 9.24% on a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 124.16% and total cumulative return in cash sums $59,641. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,116/mo property income rather than buyer’s personal income.
Condo
Built in 1980
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: Clint Ellis • Keller Williams Realty Boca Raton
Mls Name: BeachesMLS
Mls ID: #RX-11146881