2111 NE 42nd Ct #201wLighthouse PointFL33064
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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
Investment property for sale in Lighthouse Point at 2111 NE 42nd Ct #201w, Lighthouse Point, FL, 33064 uses $48,068 cash to close to unlock $2,142/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $1,141/mo, and a $710/mo payment keeps the spread at $178/mo. Purchase price stands at $145,000, and rental yield measures 9.44% with $1,141/mo rent. Return on cash invested shows 24.36% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 127.36% and total cumulative return in cash records $61,220. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,141/mo property income covering a $710/mo payment rather than investor’s personal income.
Condo
Built in 1965
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: Rachael Barach • RE/MAX Preferred
Mls Name: BeachesMLS
Mls ID: #F10523556