2423 NW 89th Drive #102Coral SpringsFL33065
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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 Coral Springs at 2423 NW 89th Drive #102, Coral Springs, FL, 33065 generates $1,603/mo in rent and, after a $1,121/mo payment, leaves $83/mo in cash flow. Total monthly income is $1,603/mo, and annual cash flow is $998/yr on $75,914 invested. Return on cash invested sits at 21.22% in year one, and rental yield is 8.4% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 110.52% and total cumulative return in cash sums $83,897. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,603/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33065, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,438 (100%) |
| Owner Occupied HU | 10,540 (49.2%) |
| Renter Occupied HU | 9,904 (46.2%) |
| Vacant Housing Units | 994 ( 4.6%) |
| Median Home Value | $466,135 |
| Average Home Value | $508,045 |
Housing Distribution
Address Breakdown
Residential
20,582
Single Family
12,579
Multi-Family
8,003
Businesses
1,496
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Listed by: Cole Ryan Dauito • Keller Williams Realty Services
Mls Name: BeachesMLS
Mls ID: #RX-11137692