3149 Riverside Dr #B-202Coral SpringsFL33065
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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 Coral Springs at 3149 Riverside Dr #B-202, Coral Springs, FL, 33065 offers a 8.04% rental yield on a $240,000 purchase with $1,608/mo rent. Total monthly income registers $1,608/mo, and a $1,175/mo payment leaves $15/mo available for distribution. Annual cash flow reaches $180/yr on $79,560 to close, and return on cash invested stands at 20.14% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 104.63% and total cumulative return in cash at $83,246. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,608/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33065, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,438 (100%) |
| Owner Occupied HU | 10,540 (49.2%) |
| Renter Occupied HU | 9,904 (46.2%) |
| Vacant Housing Units | 994 ( 4.6%) |
| Median Home Value | $466,135 |
| Average Home Value | $508,045 |
Housing Distribution
Address Breakdown
Residential
20,582
Single Family
12,579
Multi-Family
8,003
Businesses
1,496
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Listed by: Elizabeth Eskenazi • United Realty Group Inc.
Mls Name: MIAMI
Mls ID: #A11915925