2301 Lucaya Ln APT G2Coconut CreekFL33066
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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 Coconut Creek at 2301 Lucaya Ln APT G2, Coconut Creek, FL, 33066 uses $59,670 cash to close to unlock $9,798/yr annual cash flow and $817/mo monthly cash flow. Total monthly income runs $2,011/mo, and a $881/mo payment keeps the spread at $817/mo. Purchase price stands at $180,000, and rental yield measures 13.41% with $2,011/mo rent. Return on cash invested shows 36.33% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 191.52% and total cumulative return in cash records $114,281. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,011/mo property income covering a $881/mo payment rather than investor’s personal income.
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
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Listed by: Marzena Bednarska • Luxe Properties
Mls Name: MIAMI
Mls ID: #A11857951