596 NW 111th WayCoral SpringsFL33071
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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
Rental property for sale in Coral Springs at 596 NW 111th Way, Coral Springs, FL, 33071 generates $6,200/mo in rent and, after a $4,233/mo payment, leaves $293/mo in cash flow. Total monthly income is $6,200/mo, and annual cash flow is $3,521/yr on $284,552 invested. Return on cash invested sits at 21.3% in year one, and rental yield is 8.6% on a $864,900 entry. Equity gained on principal adds $5,581/yr, while 5% annual appreciation builds toward $238,956 over five years. Five-year ROI reaches 111.11% and total cumulative return in cash sums $316,160. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
9,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33071, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,674 (100%) |
| Owner Occupied HU | 9,464 (64.5%) |
| Renter Occupied HU | 4,764 (32.5%) |
| Vacant Housing Units | 446 ( 3.0%) |
| Median Home Value | $587,718 |
| Average Home Value | $600,818 |
Housing Distribution
Address Breakdown
Residential
13,659
Single Family
10,505
Multi-Family
3,154
Businesses
741
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Listed by: Mindy Barr • Compass Florida LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10474058
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.