105 Lake Emerald Drive #810Fort LauderdaleFL33309
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Fort Lauderdale at 105 Lake Emerald Drive #810, Fort Lauderdale, FL, 33309 earns $214/mo cash flow from $1,276/mo rent with a $783/mo payment. Total monthly income totals $1,276/mo, and annual cash flow totals $2,572/yr on $53,040 capital. ROI tracks 24.76% on current figures, and rental yield reads 9.57% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 129.51% and total cumulative return in cash sums $68,690. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,276/mo property income instead of your personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33309, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,194 (100%) |
| Owner Occupied HU | 9,384 (57.9%) |
| Renter Occupied HU | 5,818 (35.9%) |
| Vacant Housing Units | 992 ( 6.1%) |
| Median Home Value | $401,519 |
| Average Home Value | $475,097 |
Housing Distribution
Address Breakdown
Residential
15,277
Single Family
11,083
Multi-Family
4,194
Businesses
2,822
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jack R Watlington • Fidelity Realty Advisors Inc
Mls Name: BeachesMLS
Mls ID: #RX-11138352