2661 S Course Dr #404Pompano BeachFL33069
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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 2661 S Course Dr #404, Pompano Beach, FL, 33069 uses $48,068 cash to close to unlock $2,430/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,165/mo, and a $710/mo payment keeps the spread at $202/mo. Purchase price stands at $145,000, and rental yield measures 9.64% with $1,165/mo rent. Return on cash invested shows 24.96% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 130.61% and total cumulative return in cash records $62,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,165/mo property income covering a $710/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33069, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,951 (43.5%) |
| Renter Occupied HU | 5,759 (36.0%) |
| Vacant Housing Units | 3,287 (20.5%) |
| Median Home Value | $336,817 |
| Average Home Value | $458,178 |
Housing Distribution
Address Breakdown
Residential
14,522
Single Family
4,007
Multi-Family
10,515
Businesses
2,391
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Listed by: Lupita Mojica • LoKation
Mls Name: BeachesMLS
Mls ID: #F10536671