4020 W Palm Aire Dr APT 403Pompano BeachFL33069
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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 4020 W Palm Aire Dr APT 403, Pompano Beach, FL, 33069 uses $109,064 cash to close to unlock $35,964/yr annual cash flow and $2,997/mo monthly cash flow. Total monthly income runs $6,020/mo, and a $1,610/mo payment keeps the spread at $2,997/mo. Purchase price stands at $329,000, and rental yield measures 21.96% with $6,020/mo rent. Return on cash invested shows 52.88% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 283.59% and total cumulative return in cash records $309,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,020/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$840 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33069, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,951 (43.5%) |
| Renter Occupied HU | 5,759 (36.0%) |
| Vacant Housing Units | 3,287 (20.5%) |
| Median Home Value | $336,817 |
| Average Home Value | $458,178 |
Housing Distribution
Address Breakdown
Residential
14,522
Single Family
4,007
Multi-Family
10,515
Businesses
2,391
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Listed by: Bryan Taksey • The Keyes Company
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10984864
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.