328 Richmond CDeerfield 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 328 Richmond C, Deerfield Beach, FL, 33442 uses $79,560 cash to close to unlock $8,844/yr annual cash flow and $737/mo monthly cash flow. Total monthly income runs $2,330/mo, and a $1,175/mo payment keeps the spread at $737/mo. Purchase price stands at $240,000, and rental yield measures 11.65% with $2,330/mo rent. Return on cash invested shows 31.03% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 163.03% and total cumulative return in cash records $129,710. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,330/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Condo
Built in 1977
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: Rachel Greenbaum Petrover • Keller Williams Realty Boca Raton
Mls Name: BeachesMLS
Mls ID: #RX-11110014