1448 NW 97th Ter #283Pembroke PinesFL33024
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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 Pembroke Pines at 1448 NW 97th Ter #283, Pembroke Pines, FL, 33024 uses $115,992 cash to close to unlock $4,483/yr annual cash flow and $374/mo monthly cash flow. Total monthly income runs $2,696/mo, and a $1,713/mo payment keeps the spread at $374/mo. Purchase price stands at $349,900, and rental yield measures 9.25% with $2,696/mo rent. Return on cash invested shows 23.77% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 124.16% and total cumulative return in cash records $144,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,696/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33024, Hollywood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,617 (100%) |
| Owner Occupied HU | 17,437 (65.5%) |
| Renter Occupied HU | 8,542 (32.1%) |
| Vacant Housing Units | 638 ( 2.4%) |
| Median Home Value | $431,114 |
| Average Home Value | $496,524 |
Housing Distribution
Address Breakdown
Residential
25,698
Single Family
21,518
Multi-Family
4,180
Businesses
1,921
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Listed by: Karen Sneed • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls ID: #F10525335