601 Pine Dr #104Pompano BeachFL33060
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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 Pine Dr #104, Pompano Beach, FL, 33060 offers a 9.3% rental yield on a $170,000 purchase with $1,318/mo rent. Total monthly income registers $1,318/mo, and a $832/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,279/yr on $56,355 to close, and return on cash invested stands at 23.95% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 125.09% and total cumulative return in cash at $70,497. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,318/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33060, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,910 (100%) |
| Owner Occupied HU | 7,551 (42.2%) |
| Renter Occupied HU | 8,368 (46.7%) |
| Vacant Housing Units | 1,991 (11.1%) |
| Median Home Value | $544,067 |
| Average Home Value | $567,534 |
Housing Distribution
Address Breakdown
Residential
15,008
Single Family
9,542
Multi-Family
5,466
Businesses
1,306
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Listed by: Yuri Epshteyn • Find Home Realty
Mls Name: BeachesMLS
Mls ID: #F10540926