5641 NW 117th Ave #5641Pompano 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 5641 NW 117th Ave #5641, Pompano Beach, FL, 33076 offers a 10.03% rental yield on a $475,000 purchase with $3,970/mo rent. Total monthly income registers $3,970/mo, and a $2,325/mo payment leaves $553/mo available for distribution. Annual cash flow reaches $6,633/yr on $157,463 to close, and return on cash invested stands at 24.12% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 126.75% and total cumulative return in cash at $199,591. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,970/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1999
N/A lot
$N/A/sqft
$265 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-01 | Listed for sale | $475,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: Condo
- Year Built: 1999
- Architectural Style: N/A
- Building Area: 1,472
- Living Area: 1,368 sqft
- Property Condition: As Is
Features & Amenities
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- Flooring: Carpet, Laminate
- Interior Features: Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: 2 Or More Spaces, Attached, No Motorcycle, No Rv/Boats, No Trucks/Trailers, Automatic Garage Door Opener
Location
- City: Pompano Beach
- State: FL
- Subdivision: Addison Court
- Lot Size: N/A
- Lot Features: N/A
- View: Canal, Garden View, Water View
HOA & Fees
- HOA Fee: $265 monthly
- Association Fee: $265 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Eagle Ridge
- Middle School: Coral Spg Middle
- High School: Stoneman;Dougls
Listed by: Jenni Gallaudet • Keller Williams Realty Consult
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10454224
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.