8901 NW 38th Dr APT 106Pompano BeachFL33065
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pompano Beach at 8901 NW 38th Dr APT 106, Pompano Beach, FL, 33065 offers a 8.48% rental yield on a $200,000 purchase with $1,413/mo rent. Total monthly income registers $1,413/mo, and a $979/mo payment leaves $86/mo available for distribution. Annual cash flow reaches $1,028/yr on $66,300 to close, and return on cash invested stands at 21.46% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 111.76% and total cumulative return in cash at $74,096. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,413/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33065, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,438 (100%) |
| Owner Occupied HU | 10,540 (49.2%) |
| Renter Occupied HU | 9,904 (46.2%) |
| Vacant Housing Units | 994 ( 4.6%) |
| Median Home Value | $466,135 |
| Average Home Value | $508,045 |
Housing Distribution
Address Breakdown
Residential
20,582
Single Family
12,579
Multi-Family
8,003
Businesses
1,496
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angie Jensen • Keller Williams Realty International Lifestyles
Mls Name: MIAMI
Mls ID: #A11919627