1609 N Riverside Dr #204Pompano BeachFL33062
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1609 N Riverside Dr #204, Pompano Beach, FL, 33062 in Pompano Beach speaks for itself: 10.94% gross on a $307,500 price, generating $2,804/mo in rent and $764/mo in net income after the $1,383/mo debt service. DSCR 2.03, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $9,165 stacks alongside $84,957 in projected five-year appreciation and $2,832/yr in principal reduction. Projected total cumulative return: $166,339.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.2% |
| Monthly Cash Flow | $764 | $1,850 |
City averages based on Pompano Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,804 |
| Total Monthly Debt Service | $1,918 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lonnie Brooks • Lang Realty/ BR
Mls Name: BeachesMLS
Mls ID: #F10526358