8721 Wiles #102Pompano BeachFL33067
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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 8721 Wiles #102, Pompano Beach, FL, 33067 offers a 8.49% rental yield on a $240,000 purchase with $1,698/mo rent. Total monthly income registers $1,698/mo, and a $1,175/mo payment leaves $105/mo available for distribution. Annual cash flow reaches $1,260/yr on $79,560 to close, and return on cash invested stands at 21.49% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 111.9% and total cumulative return in cash at $89,030. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,698/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33067, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,573 (100%) |
| Owner Occupied HU | 7,045 (73.6%) |
| Renter Occupied HU | 2,293 (24.0%) |
| Vacant Housing Units | 235 ( 2.5%) |
| Median Home Value | $708,632 |
| Average Home Value | $768,930 |
Housing Distribution
Address Breakdown
Residential
10,134
Single Family
7,903
Multi-Family
2,231
Businesses
739
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Listed by: Vanessa D'Souza • RE/MAX Direct
Mls Name: BeachesMLS
Mls ID: #F10534906