677 Trace Cir APT 203Deerfield 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
Investment property for sale in Deerfield Beach at 677 Trace Cir APT 203, Deerfield Beach, FL, 33441 uses $82,875 cash to close to unlock $1,363/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $1,773/mo, and a $1,224/mo payment keeps the spread at $114/mo. Purchase price stands at $250,000, and rental yield measures 8.51% with $1,773/mo rent. Return on cash invested shows 21.55% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 112.27% and total cumulative return in cash records $93,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,773/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No 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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Listed by: Colsonn Jean • Elite Alliance Realty LLC
Mls Name: MIAMI
Mls ID: #A11908316