1938 NE 47th StPompano BeachFL33064
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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
Rental property for sale in Pompano Beach at 1938 NE 47th St, Pompano Beach, FL, 33064 generates $4,360/mo in rent and, after a $3,181/mo payment, leaves $47/mo in cash flow. Total monthly income is $4,360/mo, and annual cash flow is $563/yr on $213,850 invested. Return on cash invested sits at 20.32% in year one, and rental yield is 8.05% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 105.62% and total cumulative return in cash sums $225,866. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,360/mo property income rather than buyer’s personal income.
Multi Family
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33064, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,366 (100%) |
| Owner Occupied HU | 14,378 (54.5%) |
| Renter Occupied HU | 9,656 (36.6%) |
| Vacant Housing Units | 2,332 ( 8.8%) |
| Median Home Value | $371,173 |
| Average Home Value | $529,448 |
Housing Distribution
Address Breakdown
Residential
25,284
Single Family
17,723
Multi-Family
7,561
Businesses
1,960
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Listed by: Christopher Lekas • Beachfront Realty Inc
Mls Name: MIAMI
Mls ID: #A11874927