OFF_MARKETRisky Deal6 days on market

601 SW 3rd Street

601 SW 3rd Street, Delray Beach, FL 33444, Delray Beach, FL 33444
$799,000
Zestimate®:$760,200

Listing Price

Property image 1
601 SW 3rd Street, Delray Beach, FL 33444
Loc: Delray Beach, FL
Days Listed
6
Tax Assessed
$636k
Zestimate®
$760k
Market Rate
Lot Size
6,161 sqft
Rent Estimate
$4,457/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

6

Pine Grove Elementary School

PK-5
0.7 mi away
3

Carver Middle School

6-8
2.1 mi away
5

Atlantic High School

9-12
1.2 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
3.50%
Total ROI
7.1%
Cash Flow
$-1,711/mo
DSCR
0.58
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-28Sold$770,000$478
2026-08-11Pending sale$780,000$484
2026-06-11Price change$780,000$484
2026-06-02Listed for sale$799,000$496
2023-04-13Sold$120,000$74

Tax History

YearProperty TaxTax Assessment
2025$12,214$635,952
2024$2,530$134,310
2023$1,854$84,700
2022$1,518$77,000
2021$741$28,468
2020$689.61$25,880
2019$638.43$23,527
2018$638.43$43,386
2017$594.36$28,924
2016$482.78$17,676
2015$404.22$16,069
2014$358.97$15,303
2013$329.48$13,912
2012$354.37$14,645
2011$398.63$16,272
2010$497.06$20,340
2009$662.14$28,250
2008$816.15$39,100
2007$941.33$46,000
2006$848.78$37,752
2005$0$26,400
2004$178.44$12,000
2003$16.2$13,860
2002$238.66$9,240
2001$203.63$7,700
2000$209.95$8,050
1999$166.08$7,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,611
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $799,000Rent Basis: Observed Comp Model ($4,457/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $400/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.77%

NOI: $30,150/yr

Cash-on-Cash Yield
-10.7%

On $183,770 invested

DSCR Ratio
0.61x

Negative debt coverage

5-Yr Leveraged ROI
+40.9%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$519/mo
Homeowner / Hazard Insurance-$400/mo
Vacancy Reserve (5% of rent)-$223/mo
Repairs & Maintenance (10% of rent)-$446/mo
Property Management (8% of rent)-$357/mo
Total Pure Operating Expenses-$1,944/mo
Net Investor Cash Flow
Gross Scheduled Rent+$4,457/mo
Less: Operating Expenses-$1,944/mo
Net Operating Income (NOI)+$2,513/mo
Less: Debt Service (30yr @ 6.75%)-$4,146/mo
Net Cash Flow
$-1,633/mo
$-19,600/year
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