875 Riverside Dr APT 716Coral 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 APT 716, Coral Springs, FL, 33071 uses $64,643 cash to close to unlock $2,344/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $1,489/mo, and a $954/mo payment keeps the spread at $195/mo. Purchase price stands at $195,000, and rental yield measures 9.16% with $1,489/mo rent. Return on cash invested shows 23.54% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 122.93% and total cumulative return in cash records $79,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,489/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1987
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: Linda Tabasky Goldberg • The Keyes Company
Mls Name: MIAMI
Mls ID: #A11890785