704 SE 2nd Ave APT 448Deerfield 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 704 SE 2nd Ave APT 448, Deerfield Beach, FL, 33441 generates $1,451/mo in rent and, after a $1,028/mo payment, leaves $57/mo in cash flow. Total monthly income is $1,451/mo, and annual cash flow is $687/yr on $69,613 invested. Return on cash invested sits at 20.9% in year one, and rental yield is 8.29% on a $209,995 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,018 over five years. Five-year ROI reaches 108.78% and total cumulative return in cash sums $75,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,451/mo property income rather than buyer’s personal income.
Condo
Built in 1980
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: Benjamin Lipson • Icon Realty Brokerage, LLC
Mls Name: MIAMI
Mls ID: #A11898694