4856 N State Rd 7 #1108Coral SpringsFL33073
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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 Coral Springs at 4856 N State Rd 7 #1108, Coral Springs, FL, 33073 offers a 8.03% rental yield on a $249,000 purchase with $1,666/mo rent. Total monthly income registers $1,666/mo, and a $1,219/mo payment leaves $13/mo available for distribution. Annual cash flow reaches $160/yr on $82,544 to close, and return on cash invested stands at 20.1% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 104.51% and total cumulative return in cash at $86,264. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,666/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33073, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,950 (100%) |
| Owner Occupied HU | 7,427 (57.4%) |
| Renter Occupied HU | 4,980 (38.5%) |
| Vacant Housing Units | 543 ( 4.2%) |
| Median Home Value | $481,927 |
| Average Home Value | $490,357 |
Housing Distribution
Address Breakdown
Residential
12,644
Single Family
8,590
Multi-Family
4,054
Businesses
1,199
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Listed by: Glenn Marks • Millennium Real Estate Invest
Mls Name: BeachesMLS
Mls ID: #F10521227