2102 Lucaya Bnd #K2Pompano BeachFL33066
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 2102 Lucaya Bnd #K2, Pompano Beach, FL, 33066 in Pompano Beach is narrow, $35/mo net on $2,372/mo rent after the $1,102/mo debt service, but the property operates at break-even-plus, not a loss. At $245,000 with a 11.62% yield, the long-run equity case via 5% appreciation ($67,689 over five years) and $2,256/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 2.15 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $141,412.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.2% |
| Monthly Cash Flow | $35 | $1,850 |
City averages based on Pompano Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,372 |
| Total Monthly Debt Service | $1,528 |
| DSCR Ratio | 1.55x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33066, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,599 (100%) |
| Owner Occupied HU | 7,308 (68.9%) |
| Renter Occupied HU | 1,632 (15.4%) |
| Vacant Housing Units | 1,659 (15.7%) |
| Median Home Value | $215,605 |
| Average Home Value | $269,364 |
Housing Distribution
Address Breakdown
Residential
9,646
Single Family
6,208
Multi-Family
3,438
Businesses
283
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
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33066, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,599 (100%) |
| Owner Occupied HU | 7,308 (68.9%) |
| Renter Occupied HU | 1,632 (15.4%) |
| Vacant Housing Units | 1,659 (15.7%) |
| Median Home Value | $215,605 |
| Average Home Value | $269,364 |
Housing Distribution
Address Breakdown
Residential
9,646
Single Family
6,208
Multi-Family
3,438
Businesses
283
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janine Spiegelman • Janinesworld Realty
Mls Name: BeachesMLS
Mls ID: #F10539550