1005 S Flagler Ave #812Pompano BeachFL33060
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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 Pompano Beach at 1005 S Flagler Ave #812, Pompano Beach, FL, 33060 offers a 9.08% rental yield on a $199,999 purchase with $1,513/mo rent. Total monthly income registers $1,513/mo, and a $979/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,228/yr on $66,300 to close, and return on cash invested stands at 23.27% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 121.46% and total cumulative return in cash at $80,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,513/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33060, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,910 (100%) |
| Owner Occupied HU | 7,551 (42.2%) |
| Renter Occupied HU | 8,368 (46.7%) |
| Vacant Housing Units | 1,991 (11.1%) |
| Median Home Value | $544,067 |
| Average Home Value | $567,534 |
Housing Distribution
Address Breakdown
Residential
15,008
Single Family
9,542
Multi-Family
5,466
Businesses
1,306
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Listed by: Noelia Decoud • Kender Realty, Inc
Mls Name: BeachesMLS
Mls ID: #F10543415