2029 Farnham N #2029-ODeerfield BeachFL33442
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Deerfield Beach at 2029 Farnham N #2029-O, Deerfield Beach, FL, 33442 offers a 9.35% rental yield on a $199,000 purchase with $1,551/mo rent. Total monthly income registers $1,551/mo, and a $974/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,765/yr on $65,969 to close, and return on cash invested stands at 24.1% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 125.94% and total cumulative return in cash at $83,082. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,551/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33442, Deerfield Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,378 (100%) |
| Owner Occupied HU | 11,423 (53.4%) |
| Renter Occupied HU | 4,839 (22.6%) |
| Vacant Housing Units | 5,116 (23.9%) |
| Median Home Value | $328,566 |
| Average Home Value | $404,621 |
Housing Distribution
Address Breakdown
Residential
19,114
Single Family
9,087
Multi-Family
10,027
Businesses
1,355
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sheik Neerooa • Premier Elite Homes, LLC.
Mls Name: MIAMI
Mls ID: #A11921312