661 Cypress Lake Boulevard #LPompano 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
Rental property for sale in Pompano Beach at 661 Cypress Lake Boulevard #L, Pompano Beach, FL, 33064 priced at $239,000 converts $1,942/mo rent into after a $1,170/mo obligation. Total monthly income equals $1,942/mo. Return on cash invested prints 14.71% in year one, and rental yield reads 9.75% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 79.38% and total cumulative return in cash sums $62,892. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,942/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$699 monthly 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: Ram Almog • Berkshire Hathaway Florida Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11039130
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