8605 W Sample Rd APT 308Pompano BeachFL33065
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8605 W Sample Rd APT 308, Pompano Beach, FL, 33065 offers a 22.92% rental yield on a $185,000 purchase with $3,534/mo rent. Total monthly income registers $3,534/mo, and a $905/mo payment leaves $1,524/mo available for distribution. Annual cash flow reaches $18,287/yr on $61,328 to close, and return on cash invested stands at 49.73% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 268.88% and total cumulative return in cash at $164,895. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,534/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
$650 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 |
|---|---|---|
| 2024-09-01 | Price change | $185,000 |
| 2024-08-29 | Price change | $200,000 |
| 2024-08-05 | Price change | $179,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $3241.71 | 22.23% | $107,170 | 10.00% |
| 2022-09-03 | $2652.10 | 12.97% | $97,430 | 9.99% |
| 2021-09-03 | $2347.60 | -2.20% | $88,580 | -4.97% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: Condo
- Year Built: 1975
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,000 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Ceiling Fan(s)
- Flooring: Carpet, Tile
- Interior Features: None
- Exterior Features: N/A
- Parking Features: 1 Space, Guest
Location
- City: Pompano Beach
- State: FL
- Subdivision: Coral Springs Gardens
- Lot Size: N/A
- Lot Features: N/A
- View: Garden View
HOA & Fees
- HOA Fee: $650 monthly
- Association Fee: $650 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- 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: Erickson Roque • Access USA Realty, LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10428919
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.