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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Pompano Beach at 5055 Wiles Rd APT 305, Pompano Beach, FL, 33073 offers a 16.18% rental yield on a $299,999 purchase with $4,044/mo rent. Total monthly income registers $4,044/mo, and a $1,468/mo payment leaves $1,314/mo available for distribution. Annual cash flow reaches $15,762/yr on $99,450 to close, and return on cash invested stands at 35.76% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 191.69% and total cumulative return in cash at $190,632. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,044/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
N/A lot
$N/A/sqft
$555 monthly HOA
Neighborhood data shown for ZIP Code: 33073, Pompano Beach, FL area.
| 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 |
Residential
12,644
Single Family
8,590
Multi-Family
4,054
Businesses
1,199
Date | Event | Price |
|---|---|---|
| 2024-08-03 | Listed for sale | $299,999 |
| 2021-06-14 | Sold | $229,900 |
| 2021-05-15 | Pending sale | $229,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $4889.97 | 13.90% | $215,680 | 10.00% |
| 2022-09-03 | $4293.11 | 13.81% | $196,080 | 14.28% |
| 2021-09-03 | $3772.27 | 6.98% | $171,580 | 6.51% |
Listed by: Melanie Hernandez • Keller Williams Coastal Partners
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11009612
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.
