1660 NE 26th WayPompano 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 1660 NE 26th Way, Pompano Beach, FL, 33062 uses $259,511 cash to close to unlock $45,182/yr annual cash flow and $3,765/mo monthly cash flow. Total monthly income runs $9,000/mo, and a $3,861/mo payment keeps the spread at $3,765/mo. Purchase price stands at $788,788, and rental yield measures 13.69% with $9,000/mo rent. Return on cash invested shows 37.47% in year one, and 5% annual appreciation builds toward $217,928 over five years. Five-year ROI reaches 197.58% and total cumulative return in cash records $512,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $9,000/mo property income covering a $3,861/mo payment rather than investor’s personal income.
Single Family
Built in 1980
6,494 sqft 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: Linda Woodhouse • Balistreri Real Estate Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10457352
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.