1300 S Ocean Blvd APT 705Pompano 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 Pompano Beach at 1300 S Ocean Blvd APT 705, Pompano Beach, FL, 33062 listed at $798,000 pairs $9,179/mo rent with a $3,906/mo payment to leave $1,537/mo cash flow. Total monthly income runs $9,179/mo, and annual cash flow reaches $18,447/yr on $262,542 cash to close. Return on cash invested measures 27.09% in year one, and rental yield registers 13.8% at a $798,000 basis. Equity gained on principal adds $5,149/yr, and annual property appreciation at 5% supports $220,473 by year five. Five-year ROI tracks 145.78% and total cumulative return in cash totals $382,744. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,179/mo property income relative to a $3,906/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1982
N/A lot
$N/A/sqft
$1,776 monthly 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: Ryan Critch • Ryan Critch Real Estate
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10979340
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.