159 SW 3 St UNIT 159Pompano BeachFL33060
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 159 SW 3 St UNIT 159, Pompano Beach, FL, 33060 uses $86,522 cash to close to unlock $6,401/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $2,580/mo, and a $1,277/mo payment keeps the spread at $533/mo. Purchase price stands at $261,000, and rental yield measures 11.86% with $2,580/mo rent. Return on cash invested shows 27.31% in year one, and 5% annual appreciation builds toward $72,109 over five years. Five-year ROI reaches 144.71% and total cumulative return in cash records $125,203. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,580/mo property income covering a $1,277/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
$315 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33060, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,910 (100%) |
| Owner Occupied HU | 7,551 (42.2%) |
| Renter Occupied HU | 8,368 (46.7%) |
| Vacant Housing Units | 1,991 (11.1%) |
| Median Home Value | $544,067 |
| Average Home Value | $567,534 |
Housing Distribution
Address Breakdown
Residential
15,008
Single Family
9,542
Multi-Family
5,466
Businesses
1,306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steve Modica • Real Estate Home Sales Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10463666
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.