8405 NW 38th StCoral SpringsFL33065
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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 8405 NW 38th St, Coral Springs, FL, 33065 generates $5,546/mo in rent and, after a $3,304/mo payment, leaves $1,066/mo in cash flow. Total monthly income is $5,546/mo, and annual cash flow is $12,796/yr on $222,075 invested. Return on cash invested sits at 25.82% in year one, and rental yield is 9.86% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 135.12% and total cumulative return in cash sums $300,063. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,546/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33065, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,438 (100%) |
| Owner Occupied HU | 10,540 (49.2%) |
| Renter Occupied HU | 9,904 (46.2%) |
| Vacant Housing Units | 994 ( 4.6%) |
| Median Home Value | $466,135 |
| Average Home Value | $508,045 |
Housing Distribution
Address Breakdown
Residential
20,582
Single Family
12,579
Multi-Family
8,003
Businesses
1,496
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Listed by: Chris Cusimano • Keller Williams Realty Boca Raton
Mls Name: BeachesMLS
Mls ID: #F10523983