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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% |
Rental property for sale in Coconut Creek at 5560 NW 61st St APT 716, Coconut Creek, FL, 33073 generates $3,638/mo in rent and, after a $1,542/mo payment, leaves $898/mo in cash flow. Total monthly income is $3,638/mo, and annual cash flow is $10,779/yr on $104,423 invested. Return on cash invested sits at 30.23% in year one, and rental yield is 13.86% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 161.52% and total cumulative return in cash sums $168,665. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,638/mo property income rather than buyer’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
$499 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 |
|---|---|---|
| 2024-08-23 | Listed for sale | $315,000 |
| 2023-10-25 | Sold | $280,000 |
| 2022-09-19 | Sold | $238,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $4604.93 | 41.40% | $207,080 | 44.01% |
| 2022-09-03 | $3256.62 | 11.07% | $143,800 | 10.00% |
| 2021-09-03 | $2932.11 | 9.21% | $130,730 | 10.00% |
Listed by: Eleonora Lisitskova • LoKation
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11015035
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.
