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Values Down to $3.06M, 22 Comps Used
Updated today • 4 new comps
Your Investment Paths
Turnkey Rental
This property shows excellent rental potential, with estimated monthly income between $9,587 and $9,627. These figures indicate a strong market position, significantly outperforming broader local estimates and reflecting the high demand for this area. Investors can anticipate an attractive rental yield of approximately 6.09 percent. This solid return, combined with the property's significant space, makes it a compelling opportunity for those looking to maximize consistent monthly cash flow.
More about this home
Neighborhood Assessment
Pompano Beach's NE 1st Street corridor shows solid fundamentals with strong school ratings (elementary 4/5, middle 5/5, high 4/5) and active nearby development. The neighborhood features a mix of townhomes, condos, and single-family homes ranging from $388K to $2M, indicating diverse market activity. Your 4,509 sqft, 3-bed/4-bath property at $1.89M pricing sits at the premium end, valued at $420/sqft—higher than most comparable singles in the immediate area.
Market Activity
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Rental Income
$115K
Yield
6.1%
Year 1 Estimates
Fix-and-Flip
Modernizing your home creates an inviting atmosphere that captures buyer interest. While baseline averages shift, refreshed finishes help your property stand out. With a potential rental income reaching $7,820, this path offers solid long-term lifestyle rewards. Renovating to update your space currently shows a price per square foot of $679 versus the broader $847. Despite this gap, these improvements boost rental appeal and modernize your home, ensuring it remains fresh and competitive.
Comps
6
Buy-Rehab-Rent
The post-renovation value for this property ranges from $2,725,000 to $3,012,000. While the property offers a significant scale at 4,509 square feet, investors should carefully weigh high renovation costs against the projected market exit valuations. Annual rental income is estimated at $107,244, producing a modest 3.7% yield. Given current market conditions and long listing times, this BRR opportunity appears best suited for long-term hold strategies rather than quick, high-margin equity capture.
Rental Income
$107K
Yield
3.7%
Year 1 Estimates, Post Typical Renovation
Estimated value
$1.9M
$1.2M below comp median
Comparative Market Analysis
$1.7M – $4.8M
~206 days to sell
Based on 8 comps
2747 NE 1st St #2747, Pompano Beach Investment Report: Flip & Rental Analysis · Frontflip