2377 SW 16th DrDeerfield BeachFL33442
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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
Rental property for sale in Deerfield Beach at 2377 SW 16th Dr, Deerfield Beach, FL, 33442 generates $2,433/mo in rent and, after a $1,693/mo payment, leaves $138/mo in cash flow. Total monthly income is $2,433/mo, and annual cash flow is $1,651/yr on $114,666 invested. Return on cash invested sits at 21.35% in year one, and rental yield is 8.44% on a $345,900 entry. Equity gained on principal adds $2,232/yr, while 5% annual appreciation builds toward $95,566 over five years. Five-year ROI reaches 111.16% and total cumulative return in cash sums $127,463. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,433/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
1,851 sqft 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
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Listed by: Bob Gargano • Robert P. Gargano & Associates
Mls Name: BeachesMLS
Mls ID: #F10538691