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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Parkland at 7525 NW 61st Ter APT 701, Parkland, FL, 33067 listed at $489,000 pairs $2,761/mo rent with a $2,393/mo payment. Total monthly income runs $2,761/mo. Return on cash invested measures 12.54% in year one, and rental yield registers 6.78% at a $489,000 basis. Equity gained on principal adds $3,155/yr, and annual property appreciation at 5% supports $135,102 by year five. Five-year ROI tracks 65.25% and total cumulative return in cash totals $105,778. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,761/mo property income relative to a $2,393/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1991
N/A lot
$N/A/sqft
$450 monthly HOA
Neighborhood data shown for ZIP Code: 33067, Pompano Beach, FL area.
| 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 |
Residential
10,134
Single Family
7,903
Multi-Family
2,231
Businesses
739
Date | Event | Price |
|---|---|---|
| 2024-08-20 | Price change | $489,000 |
| 2024-06-12 | Listed for sale | $499,000 |
| 2021-12-27 | Sold | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-02 | $5101.81 | 5.45% | $272,540 | 3.00% |
| 2022-09-02 | $4838.31 | 27.79% | $264,610 | 26.25% |
| 2021-09-02 | $3786.05 | 0.66% | $209,590 | 0.08% |
Listed by: Joseph Fiorello • RE/MAX Direct
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10445228
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
