620 Laurel WayPompano BeachFL33068
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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 620 Laurel Way, Pompano Beach, FL, 33068 offers a 9.06% rental yield on a $480,000 purchase with $3,623/mo rent. Total monthly income registers $3,623/mo, and a $2,349/mo payment leaves $438/mo available for distribution. Annual cash flow reaches $5,256/yr on $159,120 to close, and return on cash invested stands at 23.21% in year one. Equity gained on principal adds $3,097/yr while 5% annual appreciation supports $132,615 over five years. Portfolio math shows five-year ROI at 121.13% and total cumulative return in cash at $192,737. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,623/mo property income against a $2,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
4,042 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33068, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,276 (100%) |
| Owner Occupied HU | 10,191 (55.8%) |
| Renter Occupied HU | 7,006 (38.3%) |
| Vacant Housing Units | 1,079 ( 5.9%) |
| Median Home Value | $351,558 |
| Average Home Value | $407,427 |
Housing Distribution
Address Breakdown
Residential
18,138
Single Family
12,286
Multi-Family
5,852
Businesses
556
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Listed by: Robert Salmons • Entera Realty LLC
Mls Name: MIAMI
Mls ID: #A11828106