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$40,000
● Condo - Off Market

#5

Deerfield Beach, FL
bedrooms
2 Beds
bathrooms
1 Bath
$55,820
RealtyHop Estimate
113.67%
Since Apr 1, 2010
National-US
Primary Model

About This Property

THIS IS A FANNIE MAE HOMEPATH PROPERTY. PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING. BANK OWNED PROPERTY BEING SOLD AS-IS PRE-APPROVAL RPOOF OF FUNDS MUST ACCOMPANY ALL OFFERS ALONG  WITH PROOF OF ESCROW.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$205
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Beaches MLS #F1046256)

Price History

Date / Event Date Event Price
Mar 26, 2010 Sold
Premium
Sold
Dec 28, 2009 Listed by Southeast Realty Connection $26,125
Listed by Southeast Realty Connection

Property Highlights

Parking Details
Parking Features: 1 Space
Interior Details
Full Bathrooms: 1
Interior Features: Other Interior Features
Appliances: Other Equipment/Appliances
Flooring Type: Tile Floors
Dining Room: Breakfast Area
Exterior Details
Listing Terms: Other Terms
Construction Type: Cbs Construction
Exterior Features: Other
Financial Details
Total Taxes: $2,458
Tax Year: 2008
Possession Information: Funding
Utilities Details
Heating Type: Central Heat
Cooling Type: Central Cooling
Location Details
Location: SO ON N.FED HWY MAKE A U-TURN AT NE 41ST ST ONTO NFED.HWY TURN LEFT ONTO SE 10TH ST TURN RIGHT ONTO SE 2ND AVE 420 SE 2ND AVE IS ON THE RIGHT
Front Exposure: North
Subdivision Complex Building: SEQUOIA GARDENS
Water Access: None

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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BEACHES

Listed by: Dean Hooker
Southeast Realty Connection
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F1046256
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
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