1501 Cayman Way #C2Pompano BeachFL33066
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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 1501 Cayman Way #C2, Pompano Beach, FL, 33066 earns $169/mo cash flow from $1,290/mo rent with a $827/mo payment. Total monthly income totals $1,290/mo, and annual cash flow totals $2,024/yr on $56,024 capital. ROI tracks 23.52% on current figures, and rental yield reads 9.16% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 122.81% and total cumulative return in cash sums $68,803. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,290/mo property income instead of your personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33066, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,599 (100%) |
| Owner Occupied HU | 7,308 (68.9%) |
| Renter Occupied HU | 1,632 (15.4%) |
| Vacant Housing Units | 1,659 (15.7%) |
| Median Home Value | $215,605 |
| Average Home Value | $269,364 |
Housing Distribution
Address Breakdown
Residential
9,646
Single Family
6,208
Multi-Family
3,438
Businesses
283
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Listed by: Wendy Peck • RE/MAX Direct
Mls Name: BeachesMLS
Mls ID: #F10540757