733 Riverside Dr #1216Coral SpringsFL33071
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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 Coral Springs at 733 Riverside Dr #1216, Coral Springs, FL, 33071 earns $206/mo cash flow from $1,334/mo rent with a $832/mo payment. Total monthly income totals $1,334/mo, and annual cash flow totals $2,471/yr on $56,355 capital. ROI tracks 24.29% on current figures, and rental yield reads 9.42% at a $169,999 purchase. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 over five years. Five-year ROI reaches 126.95% and total cumulative return in cash sums $71,541. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,334/mo property income instead of your personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33071, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,674 (100%) |
| Owner Occupied HU | 9,464 (64.5%) |
| Renter Occupied HU | 4,764 (32.5%) |
| Vacant Housing Units | 446 ( 3.0%) |
| Median Home Value | $587,718 |
| Average Home Value | $600,818 |
Housing Distribution
Address Breakdown
Residential
13,659
Single Family
10,505
Multi-Family
3,154
Businesses
741
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Listed by: Scott Kaplan • RE/MAX Select Group
Mls Name: BeachesMLS
Mls ID: #F10529888