3051 NW 2nd AvenuePompano 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
Rental property for sale in Pompano Beach at 3051 NW 2nd Avenue, Pompano Beach, FL, 33064 generates $2,446/mo in rent, after a $1,923/mo payment. Total monthly income is $2,446/mo. Return on cash invested sits at 18.42% in year one, and rental yield is 7.47% on a $392,900 entry. Equity gained on principal adds $2,535/yr, while 5% annual appreciation builds toward $108,551 over five years. Five-year ROI reaches 95.46% and total cumulative return in cash sums $124,339. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,446/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
2,411 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: Shmuel Sachi • EXP Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11148853