OFF_MARKETRisky Deal8 days on market

2261 NW 2nd Street

2261 NW 2nd Street, Pompano Beach, FL 33069, Pompano Beach, FL 33069
$479,999
Zestimate®:$390,200

Listing Price

Property image 1
2261 NW 2nd Street, Pompano Beach, FL 33069
Loc: Pompano Beach, FL
Days Listed
8
Zestimate®
$390k
Market Rate
Lot Size
10,019 sqft
Rent Estimate
$2,172/mo
Est. Cash Flow base
Type
multi family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

2

C. Robert Markham Elementary School

PK-5
1.1 mi away
3

Crystal Lake Community Middle School

6-8
3.5 mi away
4

Blanche Ely High School

9-12
1.4 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
3.23%
Total ROI
5.8%
Cash Flow
$-1,137/mo
DSCR
0.53
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-31Sold$370,000$374
2026-08-14Contingent$399,900$405
2026-07-13Price change$399,900$405
2026-06-08Price change$410,000$415
2026-05-15Price change$420,000$425
2026-04-15Price change$450,000$455
2026-03-30Price change$465,000$471
2026-03-12Listed for sale$479,999$486
2022-06-21Sold$380,000$385
2022-06-13Pending sale$400,000$405
2022-06-09Contingent$400,000$405
2022-03-18Listed for sale$400,000$405
2020-06-30Listing removed$220,000$223
2020-04-01Price change$220,000$223
2019-12-18Listed for sale$230,000$233
2018-05-18Listing removed$0
2018-04-25Pending sale$0
2018-04-19Listed for sale$0
2018-04-16Pending sale$0
2018-03-28Listed for sale$0
2017-10-19Listing removed$141,428$143
2017-10-11Listed for sale$0
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
988
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $479,999Rent Basis: Observed Comp Model ($2,172/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $240/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.60%

NOI: $12,485/yr

Cash-on-Cash Yield
-15.8%

On $110,400 invested

DSCR Ratio
0.42x

Negative debt coverage

5-Yr Leveraged ROI
+15.4%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$392/mo
Homeowner / Hazard Insurance-$240/mo
Vacancy Reserve (5% of rent)-$109/mo
Repairs & Maintenance (10% of rent)-$217/mo
Property Management (8% of rent)-$174/mo
Total Pure Operating Expenses-$1,132/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,172/mo
Less: Operating Expenses-$1,132/mo
Net Operating Income (NOI)+$1,040/mo
Less: Debt Service (30yr @ 6.75%)-$2,491/mo
Net Cash Flow
$-1,450/mo
$-17,402/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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