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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% |
Rental property for sale in Coral Springs at 963 NW 118th Way, Coral Springs, FL, 33071 generates $6,200/mo in rent, after a $6,705/mo payment. Total monthly income is $6,200/mo. Return on cash invested sits at 11.7% in year one, and rental yield is 5.43% on a $1,370,000 entry. Equity gained on principal adds $8,840/yr, while 5% annual appreciation builds toward $378,506 over five years. Five-year ROI reaches 59.63% and total cumulative return in cash sums $264,681. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,200/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.33 Acres lot
$N/A/sqft
$950 quarterly 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 |
|---|---|---|
| 2024-12-23 | Listed for sale | $1,370,000 |
| 2013-02-11 | Sold | $530,000 |
| 2012-12-23 | Pending sale | $549,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $12021.70 | 4.92% | $578,560 | 3.00% |
| 2022-12-25 | $11457.66 | 2.96% | $561,710 | 3.00% |
| 2021-12-25 | $11128.36 | 2.34% | $545,350 | 1.40% |
Listed by: Nakeysha Black Nichols • Keller Williams Realty SW
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11712943
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.
