5611 Coral Lake Drive #111Pompano BeachFL33063
INVESTMENT ANALYSIS
Investment Verdict
Solid Income5611 Coral Lake Drive #111, Pompano Beach, FL, 33063 in Pompano Beach carries a 1.67 coverage ratio, rent of $1,242/mo is 1.67 times the $742/mo payment. Rental yield 9.03%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $165,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $45,586; total projected cumulative return: $72,350.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.2% |
| Monthly Cash Flow | $(444) | $1,850 |
City averages based on Pompano Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,242 |
| Total Monthly Debt Service | $1,029 |
| DSCR Ratio | 1.21x |
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 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33063, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,056 (100%) |
| Owner Occupied HU | 16,872 (64.8%) |
| Renter Occupied HU | 7,163 (27.5%) |
| Vacant Housing Units | 2,021 ( 7.8%) |
| Median Home Value | $373,620 |
| Average Home Value | $403,237 |
Housing Distribution
Address Breakdown
Residential
24,659
Single Family
15,663
Multi-Family
8,996
Businesses
1,414
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 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33063, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,056 (100%) |
| Owner Occupied HU | 16,872 (64.8%) |
| Renter Occupied HU | 7,163 (27.5%) |
| Vacant Housing Units | 2,021 ( 7.8%) |
| Median Home Value | $373,620 |
| Average Home Value | $403,237 |
Housing Distribution
Address Breakdown
Residential
24,659
Single Family
15,663
Multi-Family
8,996
Businesses
1,414
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa A Carbonell • Real Broker LLC
Mls Name: BeachesMLS
Mls ID: #RX-11157083