9240 Meridian Dr EParklandFL33076
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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 Parkland at 9240 Meridian Dr E, Parkland, FL, 33076 earns from $6,245/mo rent with a $4,356/mo payment. Total monthly income totals $6,245/mo. ROI tracks 16.99% on current figures, and rental yield reads 8.42% at a $890,000 purchase. Equity gained on principal adds $5,743/yr, and 5% annual appreciation supports $245,891 over five years. Five-year ROI reaches 89.38% and total cumulative return in cash sums $261,712. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,245/mo property income instead of your personal income.
Single Family
Built in 2018
6,250 sqft lot
$N/A/sqft
$467 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33076, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,728 (100%) |
| Owner Occupied HU | 12,179 (82.7%) |
| Renter Occupied HU | 2,064 (14.0%) |
| Vacant Housing Units | 485 ( 3.3%) |
| Median Home Value | $753,559 |
| Average Home Value | $830,827 |
Housing Distribution
Address Breakdown
Residential
14,698
Single Family
13,081
Multi-Family
1,617
Businesses
503
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Listed by: Patricia Pappaterra • Brokers, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11707713
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.