2301 Lucaya Ln #K3Coconut 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 #K3, Coconut Creek, FL, 33066 offers a 9.1% rental yield on a $104,999 purchase with $796/mo rent. Total monthly income registers $796/mo, and a $514/mo payment leaves $99/mo available for distribution. Annual cash flow reaches $1,190/yr on $34,807 to close, and return on cash invested stands at 23.33% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,009 over five years. Portfolio math shows five-year ROI at 121.91% and total cumulative return in cash at $42,433. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $796/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Gayle Serra Pa • Signature International RE
Mls Name: BeachesMLS
Mls ID: #F10529899