1488 NE 29th StPompano BeachFL33064
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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 1488 NE 29th St, Pompano Beach, FL, 33064 uses $165,750 cash to close to unlock $5,198/yr annual cash flow and $433/mo monthly cash flow. Total monthly income runs $3,751/mo, and a $2,447/mo payment keeps the spread at $433/mo. Purchase price stands at $500,000, and rental yield measures 9% with $3,751/mo rent. Return on cash invested shows 23.05% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 120.26% and total cumulative return in cash records $199,328. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,751/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 1962
5,264 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33064, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,366 (100%) |
| Owner Occupied HU | 14,378 (54.5%) |
| Renter Occupied HU | 9,656 (36.6%) |
| Vacant Housing Units | 2,332 ( 8.8%) |
| Median Home Value | $371,173 |
| Average Home Value | $529,448 |
Housing Distribution
Address Breakdown
Residential
25,284
Single Family
17,723
Multi-Family
7,561
Businesses
1,960
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Listed by: Marlon Baeza PA • CMB Realty Group, LLC.
Mls Name: MIAMI
Mls ID: #A11934888