Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,925 sq ft
Active · SingleFamilyResidence
$699,000
517 Ibis Drive, Delray Beach, FL 33444
- Beds
- 3
- Baths
- 2
- Living area
- 1,925 sq ft
- $ / sq ft
- $363/sq ft
- Year built
- 1960
- Lot size
- 7,674 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Could this be the home of your dreams? This incredible property offers a rare combination of comfort and immediate financial upside, featuring an attached in-law suite that is currently producing steady rental income. Ideally located East of I-95 in the desirable, no-HOA Tropic Palms neighborhood, this updated, meticulously kept home is only minutes from Delray's beaches and Atlantic Avenue. The main home includes two bedrooms, one bathroom, and a versatile flex space suitable for an office or a third bedroom. An attached, private one-bedroom, one-bathroom suite offers the perfect opportunity for multi-generational living or immediate, consistent rental income. Enjoy a low-maintenance, private backyard with top-tier artificial turf and full hurricane protection. Ideal, restriction free.
Property location
Get Directions517 Ibis Drive, Delray Beach, FL 33444
Loading property location…
Facts & features
Exterior & Structure
- Property type
- SingleFamilyResidence
- Year built
- 1960
- Lot size
- 7,674 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Palm Beach
- MLS listing ID
- B26033100
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$20
- Cap rate
- 5.7%
- Net yield
- 5.7%
- Cash-on-cash return
- 0.1%
- Gross yield
- 9.2%
- Mortgage payment
- $3,314/mo
- Down payment
- $174,750
- Loan amount
- $524,250
- Annual NOI
- $40,006
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.