8705 NW 38th Drive #2APompano 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 8705 NW 38th Drive #2A, Pompano Beach, FL, 33065 uses $65,969 cash to close to unlock $2,357/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,517/mo, and a $974/mo payment keeps the spread at $196/mo. Purchase price stands at $199,000, and rental yield measures 9.15% with $1,517/mo rent. Return on cash invested shows 23.48% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 122.63% and total cumulative return in cash records $80,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,517/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Clarke • United Realty Group, Inc
Mls Name: BeachesMLS
Mls ID: #F10542379