2940 N Course Dr #112Pompano BeachFL33069
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2940 N Course Dr #112, Pompano Beach, FL, 33069 offers a 25.18% rental yield on a $135,000 purchase with $2,833/mo rent. Total monthly income registers $2,833/mo, and a $661/mo payment leaves $1,937/mo available for distribution. Annual cash flow reaches $23,242/yr on $44,753 to close, and return on cash invested stands at 71.84% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 381.94% and total cumulative return in cash at $170,929. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,833/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Denise Mahoney • Keller Williams Realty Profess
Mls Name: BeachesMLS
Mls ID: #F10536364