11860 NW 3rd DrCoral SpringsFL33071
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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 Coral Springs at 11860 NW 3rd Dr, Coral Springs, FL, 33071 earns $4,485/mo cash flow from $13,870/mo rent with a $6,730/mo payment. Total monthly income totals $13,870/mo, and annual cash flow totals $53,823/yr on $445,500 capital. ROI tracks 32.45% on current figures, and rental yield reads 12.1% at a $1,375,000 purchase. Equity gained on principal adds $8,873/yr, and 5% annual appreciation supports $379,887 over five years. Five-year ROI reaches 170.86% and total cumulative return in cash sums $761,178. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $13,870/mo property income instead of your personal income.
Single Family
Built in 1997
0.55 Acres lot
$N/A/sqft
$260 monthly 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
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Listed by: Mohammad Kazmi • Prosperity Investments & Realt
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10452540
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.