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$300,000

For Sale - Active
101 Briny Ave Apt 1105, Pompano Beach, FL 33062
1 Bed
1 Bath
672 Square Feet
0.00 Acres Lot
Built in 1975
For Sale - Active
Units n/a
Checked: 2 hours ago
Updated: May 30, 2025 at 08:33AM

Investment Summary


Monthly Cash Flow
-$1,496
Cap Rate
0.3%
Cash-on-Cash Return
-26.0%
Debt Coverage Ratio
0.05
Internal Rate of Return (5 years)
-21.1%

Property Description


0.00 Acres Lot
Built in 1975
For Sale - Active
Units n/a

WOW!! YOU CAN SEE ALL THE WAY DOWN THE BEACH TO THE LIGHTHOUSE AS SOON AS YOU COME IN THE DOOR. MAGNIFICENT MILLION DOLLAR OCEAN VIEWS & INTRACOASTAL VIEWS AS WELL. THE POMPANO BEACH CLUB IS PERFECTLY LOCATED TO ENJOY THE BEST POMPANO BEACH HAS TO OFFER. TILE IN LIVING AREA & BRAND NEW CARPET IN BEDROOM. LARGE WALK IN CLOSET. HURRICANE SHUTTERS & NEW IMPACT WINDOWS COMING SOON. THE SPECTACULAR MULTIMILLION DOLLAR OCEANFRONT CLUB HAS 2 POOL DECKS, 2 GYMS, BILLIARDS, GAME ROOMS, HUGE PARTY ROOM, OCEANFRONT BAR, PICNIC AREA & BBQ GRILLS ON THE BEACH, PATIO CAFE & MORE!! NEAR POMPANO PIER AND OCEANFRONT RESTAURANTS, SHOPS AND GROCERY. WATER TAXI AND GOLF ALL CLOSE BY. IT DOESN’T GET BETTER THEN THIS! BEST LOCATION IN POMPANO BEACH & MAGNIFICENT VIEWS. ALL ASSESSMENTS PAID BY SELLER.

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Location


Property Details


Parking

  • Description: Assigned, Guest
  • Details: Assigned, Guest
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Stories: 29

HOA

  • Has HOA: Yes
  • HOA Fee: $803/monthly
  • Additional HOA Fee: $803

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 494306CH0780
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1975

Tax Information

  • Annual Tax: $5,928

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Broward

Listing Details


Listed by:
Mariane Tamaz
Coldwell Banker Realty
(954) 249-6849

Source:
BeachesMLS
MLS#: F10471810
BeachesMLS

Investment Summary


Monthly Cash Flow
-$1,496
Cap Rate
0.3%
Cash-on-Cash Return
-26.0%
Debt Coverage Ratio
0.05
Internal Rate of Return (5 years)
-21.1%

Purchase Details

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Purchase price:
$300,000
Amount financed:
-$240,000
Down payment:
$60,000
Closing costs:
$9,000
Rehab costs:
$0
Initial cash invested:
$69,000
Square feet:
672
Cost per square foot:
$446
Monthly rent per square foot:
$2.98

Financing Details

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Loan amount:
$240,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$1,579
Property tax:
$494
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,213

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$494-$5,928
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (40%)
40%-$803-$9,636
Total operating expenses: (90%)
90%-$1,797-$21,564

Cash Flow


Monthly Yearly
Net operating income:
$83 $996
Mortgage payments:
-$1,579 -$18,948
Cash flow:
$1,496 $17,952