3102 Portofino Point #O-2Pompano BeachFL33066
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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 3102 Portofino Point #O-2, Pompano Beach, FL, 33066 uses $58,013 cash to close to unlock $2,295/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,353/mo, and a $857/mo payment keeps the spread at $191/mo. Purchase price stands at $175,000, and rental yield measures 9.28% with $1,353/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 124.7% and total cumulative return in cash records $72,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,353/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33066, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,599 (100%) |
| Owner Occupied HU | 7,308 (68.9%) |
| Renter Occupied HU | 1,632 (15.4%) |
| Vacant Housing Units | 1,659 (15.7%) |
| Median Home Value | $215,605 |
| Average Home Value | $269,364 |
Housing Distribution
Address Breakdown
Residential
9,646
Single Family
6,208
Multi-Family
3,438
Businesses
283
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Listed by: Melanie K Fleming-Matos • Best Connections Realty
Mls Name: BeachesMLS
Mls ID: #F10526222