823 E Palm Run DrPompano BeachFL33068
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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
Rental property for sale in Pompano Beach at 823 E Palm Run Dr, Pompano Beach, FL, 33068 priced at $440,000 converts $3,274/mo rent into $354/mo cash flow after a $2,154/mo obligation. Total monthly income equals $3,274/mo, and annual cash flow totals $4,244/yr on $145,860 invested. Return on cash invested prints 22.82% in year one, and rental yield reads 8.93% against a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,564 by year five. Five-year ROI reaches 119.04% and total cumulative return in cash sums $173,626. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,274/mo property income covering a $2,154/mo payment, not borrower’s personal income.
Single Family
Built in 1993
4,027 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33068, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,276 (100%) |
| Owner Occupied HU | 10,191 (55.8%) |
| Renter Occupied HU | 7,006 (38.3%) |
| Vacant Housing Units | 1,079 ( 5.9%) |
| Median Home Value | $351,558 |
| Average Home Value | $407,427 |
Housing Distribution
Address Breakdown
Residential
18,138
Single Family
12,286
Multi-Family
5,852
Businesses
556
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Listed by: Kecelaine Joseph • Dominion Realty Group
Mls Name: MIAMI
Mls ID: #A11898882