701 SE 21st Ave #304Deerfield 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 701 SE 21st Ave #304, Deerfield Beach, FL, 33441 generates $3,660/mo in rent, after a $7,317/mo payment. Total monthly income is $3,660/mo. Return on cash invested sits at 4.86% in year one, and rental yield is 2.94% on a $1,495,000 entry. Equity gained on principal adds $9,647/yr, while 5% annual appreciation builds toward $413,041 over five years. Five-year ROI reaches 22.65% and total cumulative return in cash sums $109,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,660/mo property income rather than buyer’s personal income.
Condo
Built in 2006
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: Debbie Ruffino • The Cove Guspav Realty
Mls Name: BeachesMLS
Mls ID: #F10543712