2941 NE 8th AvePompano BeachFL33064
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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 2941 NE 8th Ave, Pompano Beach, FL, 33064 offers a 8% rental yield on a $407,950 purchase with $2,718/mo rent. Total monthly income registers $2,718/mo, and a $1,997/mo payment leaves $10/mo available for distribution. Annual cash flow reaches $126/yr on $135,235 to close, and return on cash invested stands at 20% in year one. Equity gained on principal adds $2,632/yr while 5% annual appreciation supports $112,709 over five years. Portfolio math shows five-year ROI at 103.94% and total cumulative return in cash at $140,560. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,718/mo property income against a $1,997/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
6,019 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: Cecilia Martin • EXP Realty LLC
Mls Name: BeachesMLS
Mls ID: #F10543899