272 NE 42nd Court, Deerfield Beach, FL 33064

Asset Price: $173,888.89

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Property Highlights

  • Expected Yield

    7%
  • Rent per Token

    $4.06 / year
  • Token Price

    $57.96
  • Total Tokens

    3,000
  • Property Type

    Single Family
  • Neighborhood

    Deerfield Beach
  • Square Feet

    1,428
  • Bedroom/Bath

    3 Bed. / 1 Bath
  • Section 8?

    Yes

All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above equity multiple for investors; however, no assurance can be given that you will obtain any return on investment, and there is a risk that you can lose your entire investment.

Financials

  • Gross Rent / year

    $18,000.00
  • Gross Rent / month

    $1,500.00
  • Monthly Costs

    - $485.42
    • Property Management (6.00%)
      - $90.00
    • RealT Platform (2.00%)
      - $30.00
    • Property Taxes
      - $240.42
    • Insurance
      - $125.00
    • Utilities
      Tenant-Paid
  • Net Rent / month

    $1,014.58
  • Net Rent / year

    $12,174.96
  • Asset Price

    $173,888.89
  • Expected Yield

    7.00%

Maintenance Reserve

About the Property

272 NE 42nd Court is a single-family residence located in Deerfield Beach, FL 33064. Built in 1959, this single-story property features 7,579 sq ft lot, and 1,428 sq ft of living space.

272 NE 42nd is located on the medical campus of the Broward North Medical Center. The house is occupied by a Section 8 tenant who works as janitorial staff at the Center. Being on the campus of the Center makes this property a desirable place to live for a wide pool of potential tenants who are interested in living within walking distance of their occupation. This bolsters the stability of the rental income of the property.

Nearby schools include Tedder Elementary School, Deerfield Beach High School, and Deerfield Beach Middle School. Comparative prices on the same street are above $220,000.

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