1075 Riverside Dr APT 404Pompano BeachFL33071
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
Investment Highlights
Total monthly income runs $1,423/mo, and a $905/mo payment. Purchase price stands at $185,000, and rental yield measures 9.23% with $1,423/mo rent. Return on cash invested shows 12.46% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 67.63% and total cumulative return in cash records $41,475. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,423/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$425 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-01-06 | Listed for sale | $185,000 |
| 2021-04-08 | Sold | $122,500 |
| 2020-02-01 | Listing removed | $1,125 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3466.74 | 8.84% | $147,080 | 10.00% |
| 2023-02-13 | $3185.03 | 10.95% | $133,710 | 10.00% |
| 2022-02-13 | $2870.77 | 17.54% | $121,560 | 22.20% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: Condo
- Year Built: 1980
- Architectural Style: N/A
- Building Area: 835
- Living Area: 835 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Electric
- Cooling: Electric
- Flooring: Carpet, Ceramic Tile
- Interior Features: Elevator
- Exterior Features: Exterior Cat Walk, Barbecue, Screened Balcony, Tennis Court(s)
- Parking Features: Assigned, Guest
Location
- City: Pompano Beach
- State: FL
- Subdivision: Sherwood Square Condomini
- Lot Size: N/A
- Lot Features: N/A
- View: Garden
HOA & Fees
- HOA Fee: $425 monthly
- Association Fee: $425 monthly
- Fees & Dues: N/A
- Association Amenities: Barbecue, Clubhouse-Clubroom, Elevator(s), Exterior Lighting, Tennis Court(s)
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Ramblewood Elem
- Middle School: Ramblewood Middle
- High School: Taravella
Listed by: Leonor Osorio • Oceanica International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11718351
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.