1609 N Riverside Dr #204Pompano 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 1609 N Riverside Dr #204, Pompano Beach, FL, 33062 earns $763/mo cash flow from $2,804/mo rent with a $1,505/mo payment. Total monthly income totals $2,804/mo, and annual cash flow totals $9,161/yr on $101,936 capital. ROI tracks 28.9% on current figures, and rental yield reads 10.94% at a $307,500 purchase. Equity gained on principal adds $1,984/yr, and 5% annual appreciation supports $84,957 over five years. Five-year ROI reaches 151.65% and total cumulative return in cash sums $154,587. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,804/mo property income instead of your personal income.
Condo
Built in 1971
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: Lonnie Brooks • Lang Realty/ BR
Mls Name: BeachesMLS
Mls ID: #F10526358