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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Coral Springs at 9617 Riverside Dr #6C, Coral Springs, FL, 33071 offers a 18.13% rental yield on a $295,000 purchase with $4,457/mo rent. Total monthly income registers $4,457/mo, and a $1,444/mo payment leaves $1,880/mo available for distribution. Annual cash flow reaches $22,563/yr on $97,793 to close, and return on cash invested stands at 42.98% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 229.95% and total cumulative return in cash at $224,870. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,457/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
$393 monthly HOA
Neighborhood data shown for ZIP Code: 33071, Pompano Beach, FL area.
| 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 |
Residential
13,659
Single Family
10,505
Multi-Family
3,154
Businesses
741
Date | Event | Price |
|---|---|---|
| 2024-08-27 | Price change | $295,000 |
| 2024-01-29 | Listed for sale | $320,000 |
| 2016-12-13 | Listing removed | $160,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $5336.21 | 13.90% | $230,750 | 10.00% |
| 2022-09-03 | $4684.86 | 32.75% | $209,780 | 39.35% |
| 2021-09-03 | $3528.98 | 8.37% | $150,540 | 10.00% |
Listed by: Susan Tillman • RE/MAX Direct
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10420989
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
