501 N Riverside Dr APT 603Pompano 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 501 N Riverside Dr APT 603, Pompano Beach, FL, 33062 earns from $5,332/mo rent with a $3,079/mo payment. Total monthly income totals $5,332/mo. ROI tracks 19.31% on current figures, and rental yield reads 10.17% at a $629,000 purchase. Equity gained on principal adds $4,059/yr, and 5% annual appreciation supports $173,781 over five years. Five-year ROI reaches 102.9% and total cumulative return in cash sums $212,949. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,332/mo property income instead of your personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$1,140 monthly 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: Jeaneth Soulier PA • EXP Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11640887
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.