5011 Wiles Rd #304Pompano BeachFL33073
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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 5011 Wiles Rd #304, Pompano Beach, FL, 33073 uses $90,500 cash to close to unlock $954/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $1,891/mo, and a $1,336/mo payment keeps the spread at $80/mo. Purchase price stands at $273,000, and rental yield measures 8.31% with $1,891/mo rent. Return on cash invested shows 20.96% in year one, and 5% annual appreciation builds toward $75,425 over five years. Five-year ROI reaches 109.11% and total cumulative return in cash records $98,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,891/mo property income covering a $1,336/mo payment rather than investor’s personal income.
Condo
Built in 2002
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: Carole Greenberg • Rent-Rite, Inc.
Mls Name: BeachesMLS
Mls ID: #F10517668