10975 NW 56th CtCoral SpringsFL33076
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 10975 NW 56th Ct, Coral Springs, FL, 33076 in Coral Springs speaks for itself: 11.96% gross on a $924,900 price, generating $9,220/mo in rent and $2,990/mo in net income after the $4,159/mo debt service. DSCR 2.22, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $35,878 stacks alongside $255,533 in projected five-year appreciation and $8,518/yr in principal reduction. Projected total cumulative return: $545,177.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 5.5% |
| Monthly Cash Flow | $2,990 | $250 |
City averages based on Coral Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $9,220 |
| Total Monthly Debt Service | $5,865 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1998
8,444 sqft lot
$N/A/sqft
$95 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33076, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,728 (100%) |
| Owner Occupied HU | 12,179 (82.7%) |
| Renter Occupied HU | 2,064 (14.0%) |
| Vacant Housing Units | 485 ( 3.3%) |
| Median Home Value | $753,559 |
| Average Home Value | $830,827 |
Housing Distribution
Address Breakdown
Residential
14,698
Single Family
13,081
Multi-Family
1,617
Businesses
503
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 1998
8,444 sqft lot
$N/A/sqft
$95 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33076, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,728 (100%) |
| Owner Occupied HU | 12,179 (82.7%) |
| Renter Occupied HU | 2,064 (14.0%) |
| Vacant Housing Units | 485 ( 3.3%) |
| Median Home Value | $753,559 |
| Average Home Value | $830,827 |
Housing Distribution
Address Breakdown
Residential
14,698
Single Family
13,081
Multi-Family
1,617
Businesses
503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gabriella Luca • JB Realty Homes & Loans
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11834435
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.