601 NW 38th StreetPompano BeachFL33064
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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 601 NW 38th Street, Pompano Beach, FL, 33064 offers a 7.13% rental yield on a $528,000 purchase with $3,137/mo rent. 53% in year one. Equity gained on principal adds $3,407/yr while 5% annual appreciation supports $145,877 over five years. Portfolio math shows five-year ROI at 90.64% and total cumulative return in cash at $157,455. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,137/mo property income against a $2,584/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
8,366 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33064, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,366 (100%) |
| Owner Occupied HU | 14,378 (54.5%) |
| Renter Occupied HU | 9,656 (36.6%) |
| Vacant Housing Units | 2,332 ( 8.8%) |
| Median Home Value | $371,173 |
| Average Home Value | $529,448 |
Housing Distribution
Address Breakdown
Residential
25,284
Single Family
17,723
Multi-Family
7,561
Businesses
1,960
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Listed by: Brizzy Karina Flores • Partnership Realty Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11111747