309 SE 23rd AvePompano BeachFL33062
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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 309 SE 23rd Ave, Pompano Beach, FL, 33062 listed at $849,950 pairs $3,428/mo rent with a $4,160/mo payment. Total monthly income runs $3,428/mo. Return on cash invested measures 10.57% in year one, and rental yield registers 4.84% at a $849,950 basis. Equity gained on principal adds $5,485/yr, and annual property appreciation at 5% supports $234,826 by year five. Five-year ROI tracks 53.3% and total cumulative return in cash totals $149,046. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,428/mo property income relative to a $4,160/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33062, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,706 (100%) |
| Owner Occupied HU | 10,288 (45.3%) |
| Renter Occupied HU | 4,064 (17.9%) |
| Vacant Housing Units | 8,354 (36.8%) |
| Median Home Value | $720,313 |
| Average Home Value | $825,817 |
Housing Distribution
Address Breakdown
Residential
19,868
Single Family
4,923
Multi-Family
14,945
Businesses
968
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Listed by: Harry Pollack • LoKation
Mls Name: BeachesMLS
Mls ID: #F10507674