5631 NW 98th Way #3624Pompano BeachFL33076
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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 5631 NW 98th Way #3624, Pompano Beach, FL, 33076 uses $102,434 cash to close to unlock $1,354/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $2,163/mo, and a $1,512/mo payment keeps the spread at $113/mo. Purchase price stands at $309,000, and rental yield measures 8.4% with $2,163/mo rent. Return on cash invested shows 21.23% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 110.51% and total cumulative return in cash records $113,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,163/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Townhouse
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33076, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,728 (100%) |
| Owner Occupied HU | 12,179 (82.7%) |
| Renter Occupied HU | 2,064 (14.0%) |
| Vacant Housing Units | 485 ( 3.3%) |
| Median Home Value | $753,559 |
| Average Home Value | $830,827 |
Housing Distribution
Address Breakdown
Residential
14,698
Single Family
13,081
Multi-Family
1,617
Businesses
503
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Listed by: Joanie Mintz • Re/Max 1st Choice
Mls Name: BeachesMLS
Mls ID: #F10517181