2700 Riverside Dr #302-BCoral 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
Investment property for sale in Coral Springs at 2700 Riverside Dr #302-B, Coral Springs, FL, 33065 listed at $159,000 pairs $1,196/mo rent with a $778/mo payment to leave $141/mo cash flow. Total monthly income runs $1,196/mo, and annual cash flow reaches $1,693/yr on $52,709 cash to close. Return on cash invested measures 23.12% in year one, and rental yield registers 9.03% at a $159,000 basis. Equity gained on principal adds $1,026/yr, and annual property appreciation at 5% supports $43,929 by year five. Five-year ROI tracks 120.73% and total cumulative return in cash totals $63,636. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,196/mo property income relative to a $778/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
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: Zandra Bracale • Century 21 Global Connections
Mls Name: BeachesMLS
Mls ID: #F10548300