1606 Abaco Dr #E4Coconut 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 1606 Abaco Dr #E4, Coconut Creek, FL, 33066 listed at $143,000 pairs $1,084/mo rent with a $700/mo payment to leave $135/mo cash flow. Total monthly income runs $1,084/mo, and annual cash flow reaches $1,619/yr on $47,405 cash to close. Return on cash invested measures 23.32% in year one, and rental yield registers 9.1% at a $143,000 basis. Equity gained on principal adds $923/yr, and annual property appreciation at 5% supports $39,508 by year five. Five-year ROI tracks 121.74% and total cumulative return in cash totals $57,712. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,084/mo property income relative to a $700/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1989
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: #F10513039