622 Parsons WayDeerfield 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 622 Parsons Way, Deerfield Beach, FL, 33442 priced at $545,331 converts $4,476/mo rent into $270/mo cash flow after a $2,669/mo obligation. Total monthly income equals $4,476/mo, and annual cash flow totals $3,235/yr on $179,414 invested. Return on cash invested prints 21.86% in year one, and rental yield reads 9.85% against a $545,331 entry. Equity gained on principal adds $3,519/yr, while 5% annual appreciation compiles into $150,665 by year five. Five-year ROI reaches 115.31% and total cumulative return in cash sums $206,888. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,476/mo property income covering a $2,669/mo payment, not borrower’s personal income.
Townhouse
Built in 2023
2,257 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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