8821 Wiles Rd APT 103Pompano 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
Rental property for sale in Pompano Beach at 8821 Wiles Rd APT 103, Pompano Beach, FL, 33067 generates $3,679/mo in rent and, after a $1,273/mo payment, leaves $1,301/mo in cash flow. Total monthly income is $3,679/mo, and annual cash flow is $15,610/yr on $86,190 invested. Return on cash invested sits at 38.02% in year one, and rental yield is 16.98% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 203.85% and total cumulative return in cash sums $175,697. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,679/mo property income rather than buyer’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
$440 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-06 | Price change | $260,000 |
| 2024-05-02 | Price change | $289,000 |
| 2024-04-10 | Listed for sale | $299,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $4862.75 | 10.91% | $204,800 | 10.00% |
| 2022-09-03 | $4384.27 | 19.65% | $186,190 | 19.31% |
| 2021-09-03 | $3664.23 | 8.21% | $156,060 | 8.01% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1991
- Architectural Style: N/A
- Building Area: 984
- Living Area: 984 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Tile
- Interior Features: Split Bedroom
- Exterior Features: N/A
- Parking Features: 2 Or More Spaces, Guest
Location
- City: Pompano Beach
- State: FL
- Subdivision: Edgewater Condo
- Lot Size: N/A
- Lot Features: N/A
- View: Garden
HOA & Fees
- HOA Fee: $440 monthly
- Association Fee: $440 monthly
- Fees & Dues: N/A
- Association Amenities: Basketball Court, Barbecue, Child Play Area, Fitness Center, Handball/Basketball, Tennis Court(s)
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Coral Park
- Middle School: Forest Glen
- High School: Coral Springs
Listed by: Samuel Fugina • Marlin Realty Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11565875
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