8851 S Wiles Rd #305Coral SpringsFL33067
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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 8851 S Wiles Rd #305, Coral Springs, FL, 33067 uses $85,527 cash to close to unlock $8,156/yr annual cash flow and $680/mo monthly cash flow. Total monthly income runs $2,392/mo, and a $1,263/mo payment keeps the spread at $680/mo. Purchase price stands at $258,000, and rental yield measures 11.13% with $2,392/mo rent. Return on cash invested shows 29.44% in year one, and 5% annual appreciation builds toward $71,281 over five years. Five-year ROI reaches 154.58% and total cumulative return in cash records $132,206. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,392/mo property income covering a $1,263/mo payment rather than investor’s personal income.
Condo
Built in 1990
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: Faith Montgomery, Pa • Realty 100
Mls Name: BeachesMLS
Mls ID: #F10542597