661 Palmetto DriveCoconut CreekFL33066
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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 Coconut Creek at 661 Palmetto Drive, Coconut Creek, FL, 33066 with 5% annual appreciation on a $655,000 basis while $5,525/mo rent supports operations. Total monthly income totals $5,525/mo and a $3,206/mo payment preserves $1,178/mo for cash returns. Annual cash flow comes to $14,139/yr on $215,495 deployed, and return on cash invested reaches 26.62% in year one. Equity gained on principal adds $4,227/yr, and five-year appreciation sums $180,964 alongside rental yield of 10.12%. Five-year ROI measures 139.41% and total cumulative return in cash totals $300,419.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,525/mo property income versus a $3,206/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33066, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,599 (100%) |
| Owner Occupied HU | 7,308 (68.9%) |
| Renter Occupied HU | 1,632 (15.4%) |
| Vacant Housing Units | 1,659 (15.7%) |
| Median Home Value | $215,605 |
| Average Home Value | $269,364 |
Housing Distribution
Address Breakdown
Residential
9,646
Single Family
6,208
Multi-Family
3,438
Businesses
283
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Listed by: Mike Mucci • LoKation
Mls Name: BeachesMLS
Mls ID: #F10541198