8741 E Wiles Rd #305Pompano 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 8741 E Wiles Rd #305, Pompano Beach, FL, 33067 uses $82,179 cash to close to unlock $99/yr annual cash flow and $8/mo monthly cash flow. Total monthly income runs $1,653/mo, and a $1,213/mo payment keeps the spread at $8/mo. Purchase price stands at $247,900, and rental yield measures 8% with $1,653/mo rent. Return on cash invested shows 20.03% in year one, and 5% annual appreciation builds toward $68,490 over five years. Five-year ROI reaches 104.13% and total cumulative return in cash records $85,571. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,653/mo property income covering a $1,213/mo payment rather than investor’s personal income.
Condo
Built in 1991
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: Trevor Walcott • Lewis Real Estate Group Inc
Mls Name: BeachesMLS
Mls ID: #F10542341