1500 S Ocean Blvd #706Pompano 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 1500 S Ocean Blvd #706, Pompano Beach, FL, 33062 uses $137,904 cash to close to unlock $8,322/yr annual cash flow and $693/mo monthly cash flow. Total monthly income runs $3,454/mo, and a $2,036/mo payment keeps the spread at $693/mo. Purchase price stands at $416,000, and rental yield measures 9.96% with $3,454/mo rent. Return on cash invested shows 25.94% in year one, and 5% annual appreciation builds toward $114,933 over five years. Five-year ROI reaches 135.81% and total cumulative return in cash records $187,283. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,454/mo property income covering a $2,036/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No 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: Mariane Tamaz • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls ID: #F10524113