846 Ramblewood DrCoral 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 846 Ramblewood Dr, Coral Springs, FL, 33071 priced at $624,500 converts $4,518/mo rent into $373/mo cash flow after a $3,057/mo obligation. Total monthly income equals $4,518/mo, and annual cash flow totals $4,480/yr on $205,461 invested. Return on cash invested prints 22.24% in year one, and rental yield reads 8.68% against a $624,500 entry. Equity gained on principal adds $4,030/yr, while 5% annual appreciation compiles into $172,538 by year five. Five-year ROI reaches 115.92% and total cumulative return in cash sums $238,164. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,518/mo property income covering a $3,057/mo payment, not borrower’s personal income.
Single Family
Built in 1976
10,145 sqft lot
$N/A/sqft
No 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: Gabriella Schwager • LoKation
Mls Name: BeachesMLS
Mls ID: #F10548896