8821 Wiles Rd APT 203Pompano 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 203, Pompano Beach, FL, 33067 generates $1,773/mo in rent and, after a $1,224/mo payment, leaves $114/mo in cash flow. Total monthly income is $1,773/mo, and annual cash flow is $1,363/yr on $82,875 invested. Return on cash invested sits at 21.55% in year one, and rental yield is 8.51% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 112.27% and total cumulative return in cash sums $93,046. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,773/mo property income rather than buyer’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: Lucas Dionisi • SOFLO Luxury Real Estate
Mls Name: MIAMI
Mls ID: #A11859338