932 NW 123rd DrCoral SpringsFL33071
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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 Coral Springs at 932 NW 123rd Dr, Coral Springs, FL, 33071 generates $7,216/mo in rent and, after a $4,400/mo payment, leaves $1,250/mo in cash flow. Total monthly income is $7,216/mo, and annual cash flow is $15,003/yr on $295,771 invested. Return on cash invested sits at 25.13% in year one, and rental yield is 9.63% on a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 131.42% and total cumulative return in cash sums $388,714. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,216/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
9,606 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33071, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,674 (100%) |
| Owner Occupied HU | 9,464 (64.5%) |
| Renter Occupied HU | 4,764 (32.5%) |
| Vacant Housing Units | 446 ( 3.0%) |
| Median Home Value | $587,718 |
| Average Home Value | $600,818 |
Housing Distribution
Address Breakdown
Residential
13,659
Single Family
10,505
Multi-Family
3,154
Businesses
741
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Listed by: Leisa Wade • RE/MAX Consultants Realty 1
Mls Name: MIAMI
Mls ID: #A11838087