1944 NE 2nd AvePompano BeachFL33060
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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 1944 NE 2nd Ave, Pompano Beach, FL, 33060 generates $2,529/mo in rent and, after a $1,689/mo payment, leaves $239/mo in cash flow. Total monthly income is $2,529/mo, and annual cash flow is $2,869/yr on $114,368 invested. Return on cash invested sits at 22.42% in year one, and rental yield is 8.8% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 116.92% and total cumulative return in cash sums $133,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,529/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
7,431 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33060, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,910 (100%) |
| Owner Occupied HU | 7,551 (42.2%) |
| Renter Occupied HU | 8,368 (46.7%) |
| Vacant Housing Units | 1,991 (11.1%) |
| Median Home Value | $544,067 |
| Average Home Value | $567,534 |
Housing Distribution
Address Breakdown
Residential
15,008
Single Family
9,542
Multi-Family
5,466
Businesses
1,306
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Listed by: Louidor Charite • Well & Well Real Estate Inc.
Mls Name: BeachesMLS
Mls ID: #F10543033