8630 Miralago WayParklandFL33076
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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 Parkland at 8630 Miralago Way, Parkland, FL, 33076 generates $9,220/mo in rent and, after a $4,699/mo payment, leaves $2,849/mo in cash flow. Total monthly income is $9,220/mo, and annual cash flow is $34,188/yr on $315,840 invested. Return on cash invested sits at 30.88% in year one, and rental yield is 11.53% on a $960,000 entry. Equity gained on principal adds $6,195/yr, while 5% annual appreciation builds toward $265,230 over five years. Five-year ROI reaches 162.25% and total cumulative return in cash sums $512,445. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,220/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
7,692 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33076, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,698
Single Family
13,081
Multi-Family
1,617
Businesses
503
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