875 Riverside Dr #732Coral SpringsFL33071
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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 Coral Springs at 875 Riverside Dr #732, Coral Springs, FL, 33071 earns $587/mo cash flow from $2,213/mo rent with a $1,199/mo payment. Total monthly income totals $2,213/mo, and annual cash flow totals $7,047/yr on $81,218 capital. ROI tracks 28.59% on current figures, and rental yield reads 10.84% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 150% and total cumulative return in cash sums $121,824. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,213/mo property income instead of your personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33071, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,674 (100%) |
| Owner Occupied HU | 9,464 (64.5%) |
| Renter Occupied HU | 4,764 (32.5%) |
| Vacant Housing Units | 446 ( 3.0%) |
| Median Home Value | $587,718 |
| Average Home Value | $600,818 |
Housing Distribution
Address Breakdown
Residential
13,659
Single Family
10,505
Multi-Family
3,154
Businesses
741
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Listed by: Yasminie Iroff • Balistreri Real Estate Inc
Mls Name: BeachesMLS
Mls ID: #F10544883