294 Farnham M #294Deerfield 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
Investment property for sale in Deerfield Beach at 294 Farnham M #294, Deerfield Beach, FL, 33442 uses $56,322 cash to close to unlock $2,161/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,308/mo, and a $832/mo payment keeps the spread at $180/mo. Purchase price stands at $169,900, and rental yield measures 9.24% with $1,308/mo rent. Return on cash invested shows 23.75% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 124.09% and total cumulative return in cash records $69,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,308/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1974
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
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Listed by: Fernanda Austin • Signature International RE
Mls Name: BeachesMLS
Mls ID: #RX-11130846