6650 Royal Palm Blvd #311 CPompano BeachFL33063
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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 6650 Royal Palm Blvd #311 C, Pompano Beach, FL, 33063 uses $43,758 cash to close to unlock $1,417/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $994/mo, and a $646/mo payment keeps the spread at $118/mo. Purchase price stands at $132,000, and rental yield measures 9.04% with $994/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 120.93% and total cumulative return in cash records $52,915. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $994/mo property income covering a $646/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: 33063, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,056 (100%) |
| Owner Occupied HU | 16,872 (64.8%) |
| Renter Occupied HU | 7,163 (27.5%) |
| Vacant Housing Units | 2,021 ( 7.8%) |
| Median Home Value | $373,620 |
| Average Home Value | $403,237 |
Housing Distribution
Address Breakdown
Residential
24,659
Single Family
15,663
Multi-Family
8,996
Businesses
1,414
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Listed by: Nadege Eychenne Gilaizeau • Florida Realty Agency
Mls Name: BeachesMLS
Mls ID: #F10545712