1 Las Olas Circle #108Fort LauderdaleFL33316
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Fort Lauderdale at 1 Las Olas Circle #108, Fort Lauderdale, FL, 33316 generates $3,354/mo in rent, after a $2,736/mo payment. Total monthly income is $3,354/mo. Return on cash invested sits at 17.74% in year one, and rental yield is 7.2% on a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 91.78% and total cumulative return in cash sums $168,795. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,354/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33316, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,837 (100%) |
| Owner Occupied HU | 4,013 (40.8%) |
| Renter Occupied HU | 3,445 (35.0%) |
| Vacant Housing Units | 2,379 (24.2%) |
| Median Home Value | $955,160 |
| Average Home Value | $1,128,986 |
Housing Distribution
Address Breakdown
Residential
8,599
Single Family
2,862
Multi-Family
5,737
Businesses
1,405
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Listed by: Diane C Keane • Coldwell Banker Realty /Delray Beach
Mls Name: BeachesMLS
Mls ID: #RX-11123940