3590 Blue Lake Drive #304Pompano BeachFL33064
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
Investment property for sale in Pompano Beach at 3590 Blue Lake Drive #304, Pompano Beach, FL, 33064 uses $62,654 cash to close to unlock $2,014/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $1,422/mo, and a $925/mo payment keeps the spread at $168/mo. Purchase price stands at $189,000, and rental yield measures 9.03% with $1,422/mo rent. Return on cash invested shows 23.12% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 120.68% and total cumulative return in cash records $75,610. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,422/mo property income covering a $925/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33064, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,366 (100%) |
| Owner Occupied HU | 14,378 (54.5%) |
| Renter Occupied HU | 9,656 (36.6%) |
| Vacant Housing Units | 2,332 ( 8.8%) |
| Median Home Value | $371,173 |
| Average Home Value | $529,448 |
Housing Distribution
Address Breakdown
Residential
25,284
Single Family
17,723
Multi-Family
7,561
Businesses
1,960
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aaron J Lamm • Realty Home Advisors Inc
Mls Name: BeachesMLS
Mls ID: #RX-11146685