1055 NW 117th AveCoral SpringsFL33071
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 1055 NW 117th Ave, Coral Springs, FL, 33071 in Coral Springs is a conservative rental investment at $749,000. Rental yield 7.01%. A 1.30 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $206,935; $6,898/yr in principal paydown supplements. Total projected return: $247,104.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 5.5% |
| Monthly Cash Flow | $(908) | $250 |
City averages based on Coral Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,374 |
| Total Monthly Debt Service | $4,672 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
4,560 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33071, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,674 (100%) |
| Owner Occupied HU | 9,464 (64.5%) |
| Renter Occupied HU | 4,764 (32.5%) |
| Vacant Housing Units | 446 ( 3.0%) |
| Median Home Value | $587,718 |
| Average Home Value | $600,818 |
Housing Distribution
Address Breakdown
Residential
13,659
Single Family
10,505
Multi-Family
3,154
Businesses
741
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1995
4,560 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33071, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,674 (100%) |
| Owner Occupied HU | 9,464 (64.5%) |
| Renter Occupied HU | 4,764 (32.5%) |
| Vacant Housing Units | 446 ( 3.0%) |
| Median Home Value | $587,718 |
| Average Home Value | $600,818 |
Housing Distribution
Address Breakdown
Residential
13,659
Single Family
10,505
Multi-Family
3,154
Businesses
741
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Damiana Mendes Ponce • RE/MAX Direct
Mls Name: BeachesMLS
Mls ID: #F10551887