2050 39th St #209WLighthouse PtFL33064
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
Investment Highlights
Investment property for sale in Lighthouse Pt at 2050 39th St #209W, Lighthouse Pt, FL, 33064 uses $39,780 cash to close to unlock $1,644/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $933/mo, and a $587/mo payment keeps the spread at $137/mo. Purchase price stands at $120,000, and rental yield measures 9.33% with $933/mo rent. Return on cash invested shows 24.04% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 125.57% and total cumulative return in cash records $49,951. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $933/mo property income covering a $587/mo payment rather than investor’s personal income.
Condo
Built in 1966
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rachelle Bounahra • Better Homes & Gdns RE Fla 1st
Mls Name: BeachesMLS
Mls ID: #F10533155