5580 NW 61st Street #627Coconut CreekFL33073
INVESTMENT ANALYSIS
Investment Verdict
Solid Income5580 NW 61st Street #627, Coconut Creek, FL, 33073 in Coconut Creek carries a 1.77 coverage ratio, rent of $1,534/mo is 1.77 times the $868/mo payment. Rental yield 9.54%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $193,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $53,322; total projected cumulative return: $89,848.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.8% |
| Monthly Cash Flow | $(225) | $350 |
City averages based on Coconut Creek market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,534 |
| Total Monthly Debt Service | $1,204 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2007
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2007
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lourdiana Casseus • EXP Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11160731