8977 Wiles Rd APT 108Pompano 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 8977 Wiles Rd APT 108, Pompano Beach, FL, 33067 generates $4,405/mo in rent and, after a $1,468/mo payment, leaves $1,340/mo in cash flow. Total monthly income is $4,405/mo, and annual cash flow is $16,077/yr on $99,417 invested. Return on cash invested sits at 36.08% in year one, and rental yield is 17.63% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 194.86% and total cumulative return in cash sums $193,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,405/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$800 monthly 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: Vanessa Sacio • United Realty Group, Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11810036
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.