7551 NW 120th DrParklandFL33076
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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 7551 NW 120th Dr, Parkland, FL, 33076 listed at $1,175,000 pairs $3,995/mo rent with a $5,751/mo payment. Total monthly income runs $3,995/mo. Return on cash invested measures 7.29% in year one, and rental yield registers 4.08% at a $1,175,000 basis. Equity gained on principal adds $7,582/yr, and annual property appreciation at 5% supports $324,631 by year five. Five-year ROI tracks 36.09% and total cumulative return in cash totals $137,398. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,995/mo property income relative to a $5,751/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
8,542 sqft lot
$N/A/sqft
$1,038 quarterly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33076, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,728 (100%) |
| Owner Occupied HU | 12,179 (82.7%) |
| Renter Occupied HU | 2,064 (14.0%) |
| Vacant Housing Units | 485 ( 3.3%) |
| Median Home Value | $753,559 |
| Average Home Value | $830,827 |
Housing Distribution
Address Breakdown
Residential
14,698
Single Family
13,081
Multi-Family
1,617
Businesses
503
Price History
Date | Event | Price |
|---|---|---|
| 2025-01-31 | Price change | $1,175,000 |
| 2025-01-17 | Listed for sale | $1,245,000 |
| 2014-11-25 | Sold | $542,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-11 | $8497.52 | 2.02% | $421,080 | 3.00% |
| 2023-02-11 | $8329.52 | 3.93% | $408,820 | 3.00% |
| 2022-02-11 | $8014.45 | 5.17% | $396,920 | 3.57% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2003
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 2,526 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric, Heat Pump/Reverse Cycle, Reverse Cycle Unit
- Cooling: Ceiling Fan(s), Central Air, Electric, Paddle Fans
- Flooring: Other, Wood
- Interior Features: Pantry, Split Bedroom, Volume Ceilings, Walk-In Closet(s)
- Exterior Features: Exterior Lighting
- Parking Features: Circular Driveway, Paver Block, Attached, No Motorcycle, No Rv/Boats, No Trucks/Trailers, Automatic Garage Door Opener
Location
HOA & Fees
- HOA Fee: $1,038 quarterly
- Association Fee: $1,038 quarterly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available
- Sewer: Public Sewer
- Water Source: Municipal Water
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
What's Special
Pull Down Stairs
Listed by: Nadine Cory • City Real Estate Corp
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10481466
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 2025 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.