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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Pompano Beach at 3150 N Palm Aire Dr APT 302, Pompano Beach, FL, 33069 generates $3,732/mo in rent and, after a $1,150/mo payment, leaves $1,163/mo in cash flow. Total monthly income is $3,732/mo, and annual cash flow is $13,958/yr on $77,903 invested. Return on cash invested sits at 37.83% in year one, and rental yield is 19.06% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 205.22% and total cumulative return in cash sums $159,868. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,732/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$2,511 quarterly HOA
Neighborhood data shown for ZIP Code: 33069, Pompano Beach, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,951 (43.5%) |
| Renter Occupied HU | 5,759 (36.0%) |
| Vacant Housing Units | 3,287 (20.5%) |
| Median Home Value | $336,817 |
| Average Home Value | $458,178 |
Residential
14,522
Single Family
4,007
Multi-Family
10,515
Businesses
2,391
Date | Event | Price |
|---|---|---|
| 2024-09-01 | Price change | $235,000 |
| 2024-06-24 | Listed for sale | $269,000 |
| 2024-06-24 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $4161.32 | 17.18% | $176,960 | 10.00% |
| 2022-09-03 | $3551.17 | 95.83% | $160,880 | 34.58% |
| 2021-09-03 | $1813.43 | 3.20% | $119,540 | 1.40% |
Listed by: Richard Maresco • Fidelity Real Estate LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10447423
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
