1167 Hillsboro Mile #706Hillsboro BeachFL33062
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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 Hillsboro Beach at 1167 Hillsboro Mile #706, Hillsboro Beach, FL, 33062 uses $276,327 cash to close to unlock $4,754/yr annual cash flow and $396/mo monthly cash flow. Total monthly income runs $5,970/mo, and a $4,111/mo payment keeps the spread at $396/mo. Purchase price stands at $839,900, and rental yield measures 8.53% with $5,970/mo rent. Return on cash invested shows 21.78% in year one, and 5% annual appreciation builds toward $232,049 over five years. Five-year ROI reaches 113.45% and total cumulative return in cash records $313,483. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,970/mo property income covering a $4,111/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33062, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,706 (100%) |
| Owner Occupied HU | 10,288 (45.3%) |
| Renter Occupied HU | 4,064 (17.9%) |
| Vacant Housing Units | 8,354 (36.8%) |
| Median Home Value | $720,313 |
| Average Home Value | $825,817 |
Housing Distribution
Address Breakdown
Residential
19,868
Single Family
4,923
Multi-Family
14,945
Businesses
968
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Listed by: Nicol Jenkins • Nilsen Realty Services
Mls Name: BeachesMLS
Mls ID: #F10536178