949 Riverside Dr APT 427Pompano BeachFL33071
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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 Pompano Beach at 949 Riverside Dr APT 427, Pompano Beach, FL, 33071 listed at $179,900 pairs $1,352/mo rent with a $881/mo payment to leave $158/mo cash flow. Total monthly income runs $1,352/mo, and annual cash flow reaches $1,892/yr on $59,637 cash to close. Return on cash invested measures 23.08% in year one, and rental yield registers 9.02% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 120.44% and total cumulative return in cash totals $71,829. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,352/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
N/A 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: Luz Stella Infante • United Realty Group Inc
Mls Name: MIAMI
Mls ID: #A11914028