5116 Heron PlCoconut CreekFL33073
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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
Rental property for sale in Coconut Creek at 5116 Heron Pl, Coconut Creek, FL, 33073 priced at $650,000 converts $7,039/mo rent into $2,372/mo cash flow after a $3,181/mo obligation. Total monthly income equals $7,039/mo, and annual cash flow totals $28,458/yr on $213,850 invested. Return on cash invested prints 33.37% in year one, and rental yield reads 13% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 176.29% and total cumulative return in cash sums $376,994. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,039/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 1997
4,057 sqft lot
$N/A/sqft
$297 monthly 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: Nicholas Sproul • Southwestern Real Estate
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10457255
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.