7037 NW 62nd TerParklandFL33067
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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 Parkland at 7037 NW 62nd Ter, Parkland, FL, 33067 earns from $8,550/mo rent with a $6,901/mo payment. Total monthly income totals $8,550/mo. ROI tracks 18.25% on current figures, and rental yield reads 7.28% at a $1,410,000 purchase. Equity gained on principal adds $9,099/yr, and 5% annual appreciation supports $389,557 over five years. Five-year ROI reaches 94.46% and total cumulative return in cash sums $431,511. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $8,550/mo property income instead of your personal income.
Single Family
Built in 1993
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33067, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,573 (100%) |
| Owner Occupied HU | 7,045 (73.6%) |
| Renter Occupied HU | 2,293 (24.0%) |
| Vacant Housing Units | 235 ( 2.5%) |
| Median Home Value | $708,632 |
| Average Home Value | $768,930 |
Housing Distribution
Address Breakdown
Residential
10,134
Single Family
7,903
Multi-Family
2,231
Businesses
739
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Listed by: Robert Miner • Canvas Real Estate
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11843694
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.