3495 Carambola Cir S #2492Coconut CreekFL33066
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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 Coconut Creek at 3495 Carambola Cir S #2492, Coconut Creek, FL, 33066 uses $129,252 cash to close to unlock $13,115/yr annual cash flow and $1,093/mo monthly cash flow. Total monthly income runs $4,170/mo, and a $1,908/mo payment keeps the spread at $1,093/mo. Purchase price stands at $389,900, and rental yield measures 12.83% with $4,170/mo rent. Return on cash invested shows 30.06% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 159.48% and total cumulative return in cash records $206,125. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,170/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Townhouse
Built in 1983
N/A lot
$N/A/sqft
$490 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33066, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,599 (100%) |
| Owner Occupied HU | 7,308 (68.9%) |
| Renter Occupied HU | 1,632 (15.4%) |
| Vacant Housing Units | 1,659 (15.7%) |
| Median Home Value | $215,605 |
| Average Home Value | $269,364 |
Housing Distribution
Address Breakdown
Residential
9,646
Single Family
6,208
Multi-Family
3,438
Businesses
283
Price History
Date | Event | Price |
|---|---|---|
| 2024-07-18 | Listed for sale | $389,900 |
| 2015-09-08 | Sold | $139,000 |
| 2001-12-05 | Sold | $105,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $2657.22 | 7.58% | $185,650 | 3.00% |
| 2022-09-03 | $2470.03 | 4.93% | $180,250 | 3.00% |
| 2021-09-03 | $2353.94 | -3.28% | $175,000 | 1.40% |
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 1983
- Architectural Style: N/A
- Building Area: 1,230
- Living Area: 1,230 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central, Central Building
- Cooling: Central Air, Electric
- Flooring: Wood
- Interior Features: Built-in Features, Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Assigned, Deeded, Guest
Location
- City: Coconut Creek
- State: FL
- Subdivision: Golden Raintree Iv-a Condo
- Lot Size: N/A
- Lot Features: N/A
- View: Lake
HOA & Fees
- HOA Fee: $490 monthly
- Association Fee: $490 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Common Areas, Maintenance Structure, Parking, Roof Maintenance, Trash
Utilities
- Utilities: Cable Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Coconut Creek Elementary School
- Middle School: Lyons Creek Middle School
- High School: Monarch High School
Listed by: Paulo Schneider • Lang Realty/ BR
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11005281
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.