405 N Ocean Boulevard 623 Pompano Beach, FL 33062
Two-bedroom, two-bathroom unit near oceanfront restaurants and shopping.
Property Features for 405 N Ocean Boulevard 623
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1970
Listing office One Sotheby's Int'l Realty (954) 205-7067
Listing date Dec 30, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of One Sotheby's Int'l Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Premium covered parking space in the garage.
- Furnished unit.
- Fabulous pool and pool deck with BBQ.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.3k | $29.40 |
| − Vacancy | −$1.8k | −$1.47 |
| EGI | $33.5k | $27.93 |
| − OpEx | −$15.1k | −$12.57 |
| NOI | $18.4k | $15.36 |
