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3140 NE 9th Terrace
About This Property
This 2-bedroom, 2-bath residence is located just west of Lighthouse Point, a neighboring coastal market where pricing is substantially higher, while offering similar access to beaches, boating, Federal Highway, and I-95. The positioning creates a clear value gap as buyers continue to move west in search of attainable single-family inventory.
The property locations benefits from proximity to the $2 billion Downtown Pompano Beach Innovation District, a funded public-private redevelopment centered along Atlantic Boulevard and Dixie Highway. The city is actively investing in infrastructure, including major drainage and roadway improvements supported by a $64.5 million revenue bond, alongside new civic and cultural anchors. These investments are projected to generate significant long-term economic activity and job growth, which historically drives increased demand in surrounding residential areas.
Comparable renovated homes in the immediate Cresthaven area are between $425,000-$475,000, supporting a value-add opportunity through renovation, expansion, or long-term hold. The lot size allows flexibility for outdoor improvements, future enhancements, or alternative use strategies subject to local zoning and permitting.
No association restrictions provide added utility, including flexibility for boat or RV parking in compliance with city code. Property taxes are currently low due to long-term ownership and will be reassessed after sale.
Well-located, flexible, and positioned below modeled value, this property offers a rare entry point into a single-family market with multiple upside paths.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Cresthaven
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Currently no similar homes aroundNearby Rentals
$2,400 /mo
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- 1 Bath
- 560 ft²
$8,900 /mo
- 3 Beds
- 3 Baths
- 1,891 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017