3209 Coral Ridge DrivePompano BeachFL33065
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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 3209 Coral Ridge Drive, Pompano Beach, FL, 33065 uses $71,273 cash to close to unlock $6,527/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $2,605/mo, and a $1,052/mo payment keeps the spread at $544/mo. Purchase price stands at $215,000, and rental yield measures 14.54% with $2,605/mo rent. Return on cash invested shows 29.07% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 156.4% and total cumulative return in cash records $111,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,605/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$501 monthly 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: Julian Simon Soffer • Keller Williams Realty Boca Raton
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11098243
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