3218 NE 16th St #3218Pompano 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 3218 NE 16th St #3218, Pompano Beach, FL, 33062 earns $382/mo cash flow from $6,156/mo rent with a $3,817/mo payment. Total monthly income totals $6,156/mo, and annual cash flow totals $4,580/yr on $256,587 capital. ROI tracks 21.85% on current figures, and rental yield reads 9.47% at a $779,900 purchase. Equity gained on principal adds $5,033/yr, and 5% annual appreciation supports $215,472 over five years. Five-year ROI reaches 114.79% and total cumulative return in cash sums $294,537. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,156/mo property income instead of your personal income.
Townhouse
Built in 2014
N/A lot
$N/A/sqft
$599 monthly 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: Juana Drago • Urban Group and Associates,LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11633891
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.