229 NW 12th CtPompano BeachFL33060
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 229 NW 12th Ct, Pompano Beach, FL, 33060 uses $263,200 cash to close to unlock $1,172/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $5,407/mo, and a $3,916/mo payment keeps the spread at $98/mo. Purchase price stands at $799,999, and rental yield measures 8.11% with $5,407/mo rent. Return on cash invested shows 20.51% in year one, and 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 106.6% and total cumulative return in cash records $280,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,407/mo property income covering a $3,916/mo payment rather than investor’s personal income.
Multi Family
Built in 1985
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiwana D Holmes • Preferred Properties Int'l Rea
Mls Name: BeachesMLS
Mls ID: #F10527020