2400 NE 51st StLighthouse PointFL33064
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 Lighthouse Point at 2400 NE 51st St, Lighthouse Point, FL, 33064 listed at $1,497,000 pairs $8,215/mo rent with a $7,327/mo payment. Total monthly income runs $8,215/mo. Return on cash invested measures 16.12% in year one, and rental yield registers 6.59% at a $1,497,000 basis. Equity gained on principal adds $9,660/yr, and annual property appreciation at 5% supports $413,594 by year five. Five-year ROI tracks 83% and total cumulative return in cash totals $402,593. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,215/mo property income relative to a $7,327/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33064, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,366 (100%) |
| Owner Occupied HU | 14,378 (54.5%) |
| Renter Occupied HU | 9,656 (36.6%) |
| Vacant Housing Units | 2,332 ( 8.8%) |
| Median Home Value | $371,173 |
| Average Home Value | $529,448 |
Housing Distribution
Address Breakdown
Residential
25,284
Single Family
17,723
Multi-Family
7,561
Businesses
1,960
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Farrell Garrett Grabarnick • LoKation
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11700729
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.