2803 NW 62Pompano BeachFL33063
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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 2803 NW 62, Pompano Beach, FL, 33063 offers a 9.11% rental yield on a $114,300 purchase with $868/mo rent. Total monthly income registers $868/mo, and a $559/mo payment leaves $110/mo available for distribution. Annual cash flow reaches $1,319/yr on $37,890 to close, and return on cash invested stands at 23.39% in year one. Equity gained on principal adds $738/yr while 5% annual appreciation supports $31,579 over five years. Portfolio math shows five-year ROI at 122.07% and total cumulative return in cash at $46,254. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $868/mo property income against a $559/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33063, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,056 (100%) |
| Owner Occupied HU | 16,872 (64.8%) |
| Renter Occupied HU | 7,163 (27.5%) |
| Vacant Housing Units | 2,021 ( 7.8%) |
| Median Home Value | $373,620 |
| Average Home Value | $403,237 |
Housing Distribution
Address Breakdown
Residential
24,659
Single Family
15,663
Multi-Family
8,996
Businesses
1,414
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Listed by: Duane Levandowski • LoKation
Mls Name: BeachesMLS
Mls ID: #F10524503