Delray Condo Rental

Delray Condo Rental

2 bed 2 bath 910 sq ft Built in 1980 Condominium
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60
Occupancy Status
Low High
8 /20
Level of Rehab
Heavy Light
13/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

Here's a fantastic opportunity to own a rental property in the peaceful, well-maintained Kings Point community in Delray Beach. This calm 55+ community has no rental restrictions and offers a variety of sought-after amenities for your future tenants.

With a quick cosmetic remodel, you can start generating strong returns. Renovated 2-bedroom, 2-bathroom rentals in the area are leased for $2,100+ per month. The location and community services make this area especially appealing to older residents. This unit is vacant and ready for an investor to quickly turn it over and start cash flowing.

Contact your EquityPro Advisor today to secure this deal.

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We recommend rent
Rent Flip
Rental Income
$2,100 mo. / $25,200 yr.
Investor Price
$149,900
Closing Costs to Buy
$5,000
Rehab Projection
$29,000
Utilities
$300
Property Insurance
$1,000 / yr.
Estimated Taxes
$1,878 / yr.
Property Management
$1,900 / yr.
Maintenance
$500 / yr.
HOA Dues
$7,752 / yr.
$12,170
Projected Income
6.61%
Estimated APY
After Repair Value
$205,000
Investor Price
$149,900
Closing Costs to Buy
$5,000
Rehab Projection
$29,000
Utilities
$300
Closing Costs to Sell
$9,225
$11,575
Projected Income
5.98%
Estimated ROI

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