806 Cypress Grove Ln APT 111Pompano BeachFL33069
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.55 makes 806 Cypress Grove Ln APT 111, Pompano Beach, FL, 33069 in Pompano Beach one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.38%. The 8.38% yield, 5% annual appreciation ($59,400 over five years), and $1,980/yr in principal reduction project a total cumulative return of $14,068.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $(1,137) | $1,850 |
City averages based on Pompano Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,501 |
| Total Monthly Debt Service | $2,553 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
$2,518 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33069, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,951 (43.5%) |
| Renter Occupied HU | 5,759 (36.0%) |
| Vacant Housing Units | 3,287 (20.5%) |
| Median Home Value | $336,817 |
| Average Home Value | $458,178 |
Housing Distribution
Address Breakdown
Residential
14,522
Single Family
4,007
Multi-Family
10,515
Businesses
2,391
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1980
N/A lot
$N/A/sqft
$2,518 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33069, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,997 (100%) |
| Owner Occupied HU | 6,951 (43.5%) |
| Renter Occupied HU | 5,759 (36.0%) |
| Vacant Housing Units | 3,287 (20.5%) |
| Median Home Value | $336,817 |
| Average Home Value | $458,178 |
Housing Distribution
Address Breakdown
Residential
14,522
Single Family
4,007
Multi-Family
10,515
Businesses
2,391
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Valencia • Lamacchia Realty, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11989249
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.