1 Las Olas Circle #605Fort 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 #605, Fort Lauderdale, FL, 33316 generates $5,825/mo in rent and, after a $3,519/mo payment, leaves $1,054/mo in cash flow. Total monthly income is $5,825/mo, and annual cash flow is $12,645/yr on $236,551 invested. Return on cash invested sits at 25.41% in year one, and rental yield is 9.72% on a $719,000 entry. Equity gained on principal adds $4,640/yr, while 5% annual appreciation builds toward $198,646 over five years. Five-year ROI reaches 132.87% and total cumulative return in cash sums $314,309. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,825/mo property income rather than buyer’s personal income.
Condo
Built in 1971
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: Gilmar Scantamburlo • United Realty Group Inc
Mls Name: BeachesMLS
Mls ID: #F10542057