241 SE 9th Ave APT 207Pompano 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
Investment property for sale in Pompano Beach at 241 SE 9th Ave APT 207, Pompano Beach, FL, 33060 uses $43,095 cash to close to unlock $1,603/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $996/mo, and a $636/mo payment keeps the spread at $134/mo. Purchase price stands at $130,000, and rental yield measures 9.19% with $996/mo rent. Return on cash invested shows 23.63% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 123.42% and total cumulative return in cash records $53,187. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $996/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A 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: Claudia Rivas • Pristine Property Management
Mls Name: MIAMI
Mls ID: #A11943277