531 N Ocean Blvd #601Pompano 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
Rental property for sale in Pompano Beach at 531 N Ocean Blvd #601, Pompano Beach, FL, 33062 generates $3,973/mo in rent and, after a $2,203/mo payment, leaves $986/mo in cash flow. Total monthly income is $3,973/mo, and annual cash flow is $11,835/yr on $149,175 invested. Return on cash invested sits at 27.84% in year one, and rental yield is 10.59% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 145.99% and total cumulative return in cash sums $217,782. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,973/mo property income rather than buyer’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No 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: Rachael Barach • RE/MAX Preferred
Mls Name: BeachesMLS
Mls ID: #F10543537