1620 S Ocean Blvd #7KLauderdale By The SeaFL33062
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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 Lauderdale By The Sea at 1620 S Ocean Blvd #7K, Lauderdale By The Sea, FL, 33062 offers a 8.81% rental yield on a $749,000 purchase with $5,498/mo rent. Total monthly income registers $5,498/mo, and a $3,666/mo payment leaves $527/mo available for distribution. Annual cash flow reaches $6,330/yr on $246,421 to close, and return on cash invested stands at 22.63% in year one. Equity gained on principal adds $4,833/yr while 5% annual appreciation supports $206,935 over five years. Portfolio math shows five-year ROI at 117.99% and total cumulative return in cash at $290,752. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,498/mo property income against a $3,666/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Roula Vassiliou • Athena Realty Inc
Mls Name: BeachesMLS
Mls ID: #F10546124