651 NW 42nd Ct #103Pompano 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 651 NW 42nd Ct #103, Pompano Beach, FL, 33064 uses $54,698 cash to close to unlock $1,759/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $1,242/mo, and a $808/mo payment keeps the spread at $147/mo. Purchase price stands at $165,000, and rental yield measures 9.03% with $1,242/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 120.68% and total cumulative return in cash records $66,011. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,242/mo property income covering a $808/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A 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: Cleyton Costa • High Class Realty
Mls Name: BeachesMLS
Mls ID: #F10517771