115 Gardens Dr APT 203Pompano BeachFL33069
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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 115 Gardens Dr APT 203, Pompano Beach, FL, 33069 offers a 10.7% rental yield on a $272,900 purchase with $2,433/mo rent. Total monthly income registers $2,433/mo, and a $1,336/mo payment leaves $238/mo available for distribution. Annual cash flow reaches $2,856/yr on $90,466 to close, and return on cash invested stands at 23.07% in year one. Equity gained on principal adds $1,761/yr while 5% annual appreciation supports $75,397 over five years. Portfolio math shows five-year ROI at 122.19% and total cumulative return in cash at $110,544. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,433/mo property income against a $1,336/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
$230 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33069, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,951 (43.5%) |
| Renter Occupied HU | 5,759 (36.0%) |
| Vacant Housing Units | 3,287 (20.5%) |
| Median Home Value | $336,817 |
| Average Home Value | $458,178 |
Housing Distribution
Address Breakdown
Residential
14,522
Single Family
4,007
Multi-Family
10,515
Businesses
2,391
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Listed by: Shirley Wise • Florida Properties Mktg Group
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11717147
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.