2050 NE 39th Street #E307Pompano BeachFL33064
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 Pompano Beach at 2050 NE 39th Street #E307, Pompano Beach, FL, 33064 offers a 9.56% rental yield on a $132,000 purchase with $1,052/mo rent. Total monthly income registers $1,052/mo, and a $646/mo payment leaves $176/mo available for distribution. Annual cash flow reaches $2,113/yr on $43,758 to close, and return on cash invested stands at 24.74% in year one. Equity gained on principal adds $852/yr while 5% annual appreciation supports $36,469 over five years. Portfolio math shows five-year ROI at 129.43% and total cumulative return in cash at $56,635. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,052/mo property income against a $646/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Julia Marie Andrews • LoKation
Mls Name: BeachesMLS
Mls ID: #RX-11138417