8945 NW 38th Dr #17Coral SpringsFL33065
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 Coral Springs at 8945 NW 38th Dr #17, Coral Springs, FL, 33065 earns $800/mo cash flow from $3,421/mo rent with a $1,933/mo payment. Total monthly income totals $3,421/mo, and annual cash flow totals $9,600/yr on $130,943 capital. ROI tracks 27.24% on current figures, and rental yield reads 10.39% at a $395,000 purchase. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 over five years. Five-year ROI reaches 142.78% and total cumulative return in cash sums $186,966. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,421/mo property income instead of your personal income.
Townhouse
Built in 2000
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: Joy Carter PA • Keller Williams Realty Consultants
Mls Name: MIAMI
Mls ID: #A11917010