701 Pine Drive #107Pompano BeachFL33060
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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 701 Pine Drive #107, Pompano Beach, FL, 33060 generates $1,584/mo in rent and, after a $1,150/mo payment, leaves $25/mo in cash flow. Total monthly income is $1,584/mo, and annual cash flow is $297/yr on $77,902 invested. Return on cash invested sits at 20.29% in year one, and rental yield is 8.09% on a $234,999 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 105.48% and total cumulative return in cash sums $82,168. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,584/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33060, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,910 (100%) |
| Owner Occupied HU | 7,551 (42.2%) |
| Renter Occupied HU | 8,368 (46.7%) |
| Vacant Housing Units | 1,991 (11.1%) |
| Median Home Value | $544,067 |
| Average Home Value | $567,534 |
Housing Distribution
Address Breakdown
Residential
15,008
Single Family
9,542
Multi-Family
5,466
Businesses
1,306
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Listed by: Cliff Glansen • FlatFee.com
Mls Name: BeachesMLS
Mls ID: #F10537627