8437 Forest Hills Dr APT 103Pompano BeachFL33065
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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 8437 Forest Hills Dr APT 103, Pompano Beach, FL, 33065 offers a 15.42% rental yield on a $275,000 purchase with $3,533/mo rent. Total monthly income registers $3,533/mo, and a $1,346/mo payment leaves $1,164/mo available for distribution. Annual cash flow reaches $13,963/yr on $91,163 to close, and return on cash invested stands at 35.23% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 188.18% and total cumulative return in cash at $171,551. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,533/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$404 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-27 | Price change | $275,000 |
| 2024-07-05 | Listed for sale | $280,000 |
| 2015-01-12 | Sold | $106,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $4132.95 | 13.17% | $159,670 | 10.00% |
| 2022-09-03 | $3651.86 | 11.08% | $145,160 | 9.99% |
| 2021-09-03 | $3287.56 | 11.71% | $131,970 | 9.99% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1979
- Architectural Style: N/A
- Building Area: 1,068
- Living Area: 1,068 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Tile
- Interior Features: Closet Cabinetry, Custom Mirrors, Pantry, Walk-In Closet(s)
- Exterior Features: None, Barbecue, Open Balcony
- Parking Features: 2 Or More Spaces, No Rv/Boats, No Trucks/Trailers
Location
- City: Pompano Beach
- State: FL
- Subdivision: Greenglades Condo Iii
- Lot Size: N/A
- Lot Features: N/A
- View: Pool
HOA & Fees
- HOA Fee: $404 monthly
- Association Fee: $404 monthly
- Fees & Dues: N/A
- Association Amenities: Barbecue, Business Center, Clubhouse-Clubroom, Fitness Center, Kitchen Facilities
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Julia Moreno • Avanti Way Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11617832
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. Information is deemed reliable but not guaranteed.