3308 SE 3rd StreetPompano BeachFL33062
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Pompano Beach at 3308 SE 3rd Street, Pompano Beach, FL, 33062 generates $7,044/mo in rent, after a $6,608/mo payment. Total monthly income is $7,044/mo. Return on cash invested sits at 15.12% in year one, and rental yield is 6.26% on a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 77.64% and total cumulative return in cash sums $339,593. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,044/mo property income rather than buyer’s personal income.
Multi Family
Built in 1951
5,255 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James H Boyden • Lang Realty/BR
Mls Name: BeachesMLS
Mls ID: #RX-11121635