1503 Cayman Way #B1Coconut CreekFL33066
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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 Coconut Creek at 1503 Cayman Way #B1, Coconut Creek, FL, 33066 uses $72,930 cash to close to unlock $2,266/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $2,446/mo, and a $1,077/mo payment keeps the spread at $189/mo. Purchase price stands at $220,000, and rental yield measures 13.34% with $2,446/mo rent. Return on cash invested shows 23.02% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 124.85% and total cumulative return in cash records $91,055. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,446/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$645 monthly 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: Gayle Serra Pa • Signature International RE
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10443688
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 2025 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.