2302 Lucaya Ln #O3Pompano BeachFL33066
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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 2302 Lucaya Ln #O3, Pompano Beach, FL, 33066 generates $942/mo in rent and, after a $582/mo payment, leaves $153/mo in cash flow. Total monthly income is $942/mo, and annual cash flow is $1,833/yr on $39,449 invested. Return on cash invested sits at 24.56% in year one, and rental yield is 9.5% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 128.35% and total cumulative return in cash sums $50,633. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $942/mo property income rather than buyer’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: Diana Vasconez • Century 21 Realty Professionals
Mls Name: BeachesMLS
Mls ID: #F10536437