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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Pompano Beach at 8434 Blue Cove Way #4, Pompano Beach, FL, 33076 priced at $585,000 converts $5,040/mo rent into $546/mo cash flow after a $2,863/mo obligation. Total monthly income equals $5,040/mo, and annual cash flow totals $6,553/yr on $192,465 invested. Return on cash invested prints 23.47% in year one, and rental yield reads 10.34% against a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation compiles into $161,625 by year five. Five-year ROI reaches 123.87% and total cumulative return in cash sums $238,410. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,040/mo property income covering a $2,863/mo payment, not borrower’s personal income.
Townhouse
Built in 2017
N/A lot
$N/A/sqft
$612 monthly HOA
Neighborhood data shown for ZIP Code: 33076, Pompano Beach, FL area.
| 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 |
Residential
14,698
Single Family
13,081
Multi-Family
1,617
Businesses
503
Date | Event | Price |
|---|---|---|
| 2024-08-17 | Price change | $585,000 |
| 2024-08-14 | Price change | $590,000 |
| 2024-07-15 | Listed for sale | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lei Yu • Highlight Realty Corp/LW
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10450846
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.
