2355 SW 15th St APT 73Deerfield BeachFL33442
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 2355 SW 15th St APT 73, Deerfield Beach, FL, 33442 in Deerfield Beach achieves 1.86, rent of $2,293/mo covers the $1,230/mo payment 1.5x over at $273,500. Rental yield 10.06%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $75,563 over five years, with $2,519/yr in principal reduction bringing total projected return to $95,030.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 8.0% |
| Monthly Cash Flow | $(188) | $250 |
City averages based on Deerfield Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,293 |
| Total Monthly Debt Service | $2,372 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
$1,398 quarterly 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
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
Condo
Built in 1980
N/A lot
$N/A/sqft
$1,398 quarterly 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: Rafael Monsalve • Beachfront Realty Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11650892
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.