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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Pompano Beach at 2900 N Course Dr UNIT 602, Pompano Beach, FL, 33069 offers a 11.7% rental yield on a $370,000 purchase with $3,608/mo rent. Total monthly income registers $3,608/mo, and a $1,811/mo payment leaves $97/mo available for distribution. Annual cash flow reaches $1,161/yr on $122,655 to close, and return on cash invested stands at 20.86% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 112.24% and total cumulative return in cash at $137,669. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,608/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
N/A lot
$N/A/sqft
$774 monthly HOA
Neighborhood data shown for ZIP Code: 33069, Pompano Beach, FL area.
| 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 |
Residential
14,522
Single Family
4,007
Multi-Family
10,515
Businesses
2,391
Date | Event | Price |
|---|---|---|
| 2024-12-05 | Price change | $370,000 |
| 2024-09-25 | Price change | $399,000 |
| 2024-07-24 | Listed for sale | $419,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $6675.30 | 7.90% | $299,600 | 10.00% |
| 2023-02-13 | $6186.43 | 13.53% | $272,370 | 10.00% |
| 2022-02-13 | $5449.01 | 11.67% | $247,610 | 10.00% |
Listed by: Cindy Ann Bourdeau • RE/MAX Consultants Realty 1
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10452581
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 2025 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.
