368 Oakridge T #368Deerfield 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 368 Oakridge T #368, Deerfield Beach, FL, 33442 generates $1,335/mo in rent and, after a $832/mo payment, leaves $207/mo in cash flow. Total monthly income is $1,335/mo, and annual cash flow is $2,485/yr on $56,322 invested. Return on cash invested sits at 24.32% in year one, and rental yield is 9.43% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 127.18% and total cumulative return in cash sums $71,630. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,335/mo property income rather than buyer’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
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Listed by: Jennifer A Sanford • Sanford Florida Home Group
Mls Name: BeachesMLS
Mls ID: #F10536191