500 SE 2nd Ave #3Deerfield BeachFL33441
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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 500 SE 2nd Ave #3, Deerfield Beach, FL, 33441 generates $2,198/mo in rent and, after a $810/mo payment, leaves $679/mo in cash flow. Total monthly income is $2,198/mo, and annual cash flow is $8,144/yr on $54,863 invested. Return on cash invested sits at 34.75% in year one, and rental yield is 15.94% on a $165,500 entry. Equity gained on principal adds $1,068/yr, while 5% annual appreciation builds toward $45,725 over five years. Five-year ROI reaches 186.4% and total cumulative return in cash sums $102,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,198/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$241 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33441, Deerfield Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,591 (100%) |
| Owner Occupied HU | 7,216 (46.3%) |
| Renter Occupied HU | 5,970 (38.3%) |
| Vacant Housing Units | 2,405 (15.4%) |
| Median Home Value | $500,801 |
| Average Home Value | $621,225 |
Housing Distribution
Address Breakdown
Residential
13,198
Single Family
7,257
Multi-Family
5,941
Businesses
1,372
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