833 RIVERSIDE Drive UNIT 835Coral SpringsFL33071
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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 Coral Springs at 833 RIVERSIDE Drive UNIT 835, Coral Springs, FL, 33071 generates $2,153/mo in rent, after a $1,197/mo payment. Total monthly income is $2,153/mo. Return on cash invested sits at 15.61% in year one, and rental yield is 10.57% on a $244,500 entry. Equity gained on principal adds $1,578/yr, while 5% annual appreciation builds toward $67,551 over five years. Five-year ROI reaches 84.79% and total cumulative return in cash sums $68,723. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,153/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$646 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33071, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,674 (100%) |
| Owner Occupied HU | 9,464 (64.5%) |
| Renter Occupied HU | 4,764 (32.5%) |
| Vacant Housing Units | 446 ( 3.0%) |
| Median Home Value | $587,718 |
| Average Home Value | $600,818 |
Housing Distribution
Address Breakdown
Residential
13,659
Single Family
10,505
Multi-Family
3,154
Businesses
741
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Listed by: KAREN B GIANNINI • EXP REALTY, LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2064152
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. Data is deemed reliable but is not guaranteed accurate by realMLS.