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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 1461 S Ocean Blvd APT 324, Pompano Beach, FL, 33062 generates $4,406/mo in rent and, after a $2,198/mo payment, leaves $731/mo in cash flow. Total monthly income is $4,406/mo, and annual cash flow is $8,773/yr on $148,844 invested. Return on cash invested sits at 25.8% in year one, and rental yield is 11.78% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 137.09% and total cumulative return in cash sums $204,052. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,406/mo property income rather than buyer’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$592 monthly 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 |
|---|---|---|
| 2024-08-12 | Price change | $449,000 |
| 2024-05-01 | Listed for sale | $474,900 |
| 2020-10-24 | Listing removed | $2,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $5231.95 | 20.16% | $262,710 | 10.00% |
| 2022-08-31 | $4354.21 | 9.37% | $238,830 | 9.94% |
| 2021-08-31 | $3981.22 | 9.77% | $217,230 | 10.00% |
Listed by: John L Sullivan • LoKation
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10435746
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.
