229 SE 3rd TerPompano BeachFL33060
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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
Rental property for sale in Pompano Beach at 229 SE 3rd Ter, Pompano Beach, FL, 33060 priced at $1,639,900 converts $5,896/mo rent into after a $8,026/mo obligation. Total monthly income equals $5,896/mo. Return on cash invested prints 8.16% in year one, and rental yield reads 4.31% against a $1,639,900 entry. Equity gained on principal adds $10,582/yr, while 5% annual appreciation compiles into $453,074 by year five. Five-year ROI reaches 40.7% and total cumulative return in cash sums $216,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,896/mo property income covering a $8,026/mo payment, not borrower’s personal income.
Single Family
Built in 1963
8,891 sqft 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
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Listed by: Melinda Sitku • Noble Int'l Realty & Prop Mgt
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10496301
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