823 NW 3rd StPompano BeachFL33060
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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 Pompano Beach at 823 NW 3rd St, Pompano Beach, FL, 33060 uses $192,465 cash to close to unlock $601/yr annual cash flow and $50/mo monthly cash flow. Total monthly income runs $3,932/mo, and a $2,863/mo payment keeps the spread at $50/mo. Purchase price stands at $585,000, and rental yield measures 8.07% with $3,932/mo rent. Return on cash invested shows 20.37% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 105.9% and total cumulative return in cash records $203,826. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,932/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33060, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,910 (100%) |
| Owner Occupied HU | 7,551 (42.2%) |
| Renter Occupied HU | 8,368 (46.7%) |
| Vacant Housing Units | 1,991 (11.1%) |
| Median Home Value | $544,067 |
| Average Home Value | $567,534 |
Housing Distribution
Address Breakdown
Residential
15,008
Single Family
9,542
Multi-Family
5,466
Businesses
1,306
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Listed by: Griffin Wallace • One Investment Group
Mls Name: BeachesMLS
Mls ID: #F10534929