5560 NW 61st St APT 704Pompano 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 5560 NW 61st St APT 704, Pompano Beach, FL, 33073 offers a 11.63% rental yield on a $270,000 purchase with $2,617/mo rent. Total monthly income registers $2,617/mo, and a $1,322/mo payment leaves $825/mo available for distribution. Annual cash flow reaches $9,897/yr on $89,505 to close, and return on cash invested stands at 30.97% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 162.74% and total cumulative return in cash at $145,657. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,617/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1998
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: Camila De Mendonca • Flamingo Realty Group, LLC
Mls Name: MIAMI
Mls ID: #A11884414