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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Pompano Beach at 1390 S Ocean Blvd APT 9B, Pompano Beach, FL, 33062 priced at $999,000 converts $10,402/mo rent into $1,761/mo cash flow after a $4,890/mo obligation. Total monthly income equals $10,402/mo, and annual cash flow totals $21,133/yr on $328,671 invested. Return on cash invested prints 26.49% in year one, and rental yield reads 12.49% against a $999,000 entry. Equity gained on principal adds $6,446/yr, while 5% annual appreciation compiles into $276,005 by year five. Five-year ROI reaches 141.36% and total cumulative return in cash sums $464,618. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $10,402/mo property income covering a $4,890/mo payment, not borrower’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$5,104 quarterly HOA
Neighborhood data shown for ZIP Code: 33062, Pompano Beach, FL area.
| 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 |
Residential
19,868
Single Family
4,923
Multi-Family
14,945
Businesses
968
Date | Event | Price |
|---|---|---|
| 2024-06-18 | Listed for sale | $999,000 |
| 2021-06-07 | Sold | $680,000 |
| 2019-05-14 | Sold | $680,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $12607.37 | 5.12% | $631,340 | 3.00% |
| 2022-08-31 | $11993.39 | 13.35% | $612,960 | 12.74% |
| 2021-08-31 | $10580.55 | 3.13% | $543,700 | 1.40% |
Listed by: Lisa Rosario • Deer Creek R E Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10445264
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.
