2731 NE 40th CtLighthouse PointFL33064
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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 Lighthouse Point at 2731 NE 40th Ct, Lighthouse Point, FL, 33064 offers a 9.57% rental yield on a $1,278,788 purchase with $10,196/mo rent. Total monthly income registers $10,196/mo, and a $6,259/mo payment leaves $1,406/mo available for distribution. Annual cash flow reaches $16,873/yr on $414,327 to close, and return on cash invested stands at 24.44% in year one. Equity gained on principal adds $8,252/yr while 5% annual appreciation supports $353,306 over five years. Portfolio math shows five-year ROI at 127.98% and total cumulative return in cash at $530,248. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $10,196/mo property income against a $6,259/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
8,924 sqft 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
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Listed by: Christine Balistreri Vanbuskirk • Balistreri Real Estate Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10442447
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.