405 NE 24th AvePompano 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 405 NE 24th Ave, Pompano Beach, FL, 33062 earns $2,306/mo cash flow from $6,586/mo rent with a $3,157/mo payment. Total monthly income totals $6,586/mo, and annual cash flow totals $27,667/yr on $212,205 capital. ROI tracks 33.1% on current figures, and rental yield reads 12.25% at a $645,000 purchase. Equity gained on principal adds $4,162/yr, and 5% annual appreciation supports $178,202 over five years. Five-year ROI reaches 174.13% and total cumulative return in cash sums $369,520. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,586/mo property income instead of your personal income.
Single Family
Built in 1962
8,450 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
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Listed by: Gustavo Cepeda • Highlight Realty Corp/LW
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10942465
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.