6124 NW 40th StreetCoral SpringsFL33067
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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 Coral Springs at 6124 NW 40th Street, Coral Springs, FL, 33067 offers a 10.36% rental yield on a $615,000 purchase with $5,311/mo rent. Total monthly income registers $5,311/mo, and a $3,010/mo payment leaves $1,230/mo available for distribution. Annual cash flow reaches $14,758/yr on $202,335 to close, and return on cash invested stands at 27.35% in year one. Equity gained on principal adds $3,969/yr while 5% annual appreciation supports $169,913 over five years. Portfolio math shows five-year ROI at 143.31% and total cumulative return in cash at $289,973. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,311/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
4,819 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33067, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,573 (100%) |
| Owner Occupied HU | 7,045 (73.6%) |
| Renter Occupied HU | 2,293 (24.0%) |
| Vacant Housing Units | 235 ( 2.5%) |
| Median Home Value | $708,632 |
| Average Home Value | $768,930 |
Housing Distribution
Address Breakdown
Residential
10,134
Single Family
7,903
Multi-Family
2,231
Businesses
739
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Listed by: Brianna Verjes • Keller Williams Dedicated Prof
Mls Name: BeachesMLS
Mls ID: #RX-11129058