8205 NW 128th Ln #18-EParklandFL33076
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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 8205 NW 128th Ln #18-E, Parkland, FL, 33076 offers a 14.86% rental yield on a $525,000 purchase with $6,503/mo rent. Total monthly income registers $6,503/mo, and a $2,570/mo payment leaves $2,008/mo available for distribution. Annual cash flow reaches $24,101/yr on $172,725 to close, and return on cash invested stands at 34.01% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 181.59% and total cumulative return in cash at $313,653. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,503/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,978 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 |
|---|---|---|
| 2024-07-31 | Listed for sale | $525,000 |
| 2017-12-07 | Sold | $275,000 |
| 2015-05-17 | Listing removed | $2,400 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $8882.94 | 15.93% | $368,700 | 10.00% |
| 2022-09-03 | $7662.61 | 11.06% | $335,190 | 10.00% |
| 2021-09-03 | $6899.82 | 18.73% | $304,720 | 5.63% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 2007
- Architectural Style: N/A
- Building Area: 1,967
- Living Area: 1,524 sqft
- Property Condition: As Is
Features & Amenities
- Heating: Electric
- Cooling: Ceiling Fan(s), Central Air
- Flooring: Ceramic Tile, Laminate
- Interior Features: Pantry, Split Bedroom, Walk-In Closet(s)
- Exterior Features: Screened Balcony
- Parking Features: 2 Or More Spaces, Guest, On Street, Attached, No Rv/Boats, No Trucks/Trailers, Automatic Garage Door Opener
Location
HOA & Fees
- HOA Fee: $1,978 quarterly
- Association Fee: $1,978 quarterly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Heron Heights
- Middle School: Westglades
- High School: Stoneman;Dougls
Listed by: Dean Ehrlich • RE/MAX Direct
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10453400
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.