106 Royal Park Drive #3cFort LauderdaleFL33309
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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 106 Royal Park Drive #3c, Fort Lauderdale, FL, 33309 generates $1,593/mo in rent and, after a $979/mo payment, leaves $266/mo in cash flow. Total monthly income is $1,593/mo, and annual cash flow is $3,188/yr on $66,299 invested. Return on cash invested sits at 24.72% in year one, and rental yield is 9.56% on a $199,998 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 129.22% and total cumulative return in cash sums $85,675. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,593/mo property income rather than buyer’s personal income.
Condo
Built in 1976
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
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Listed by: Virginia McKeown • Compass Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11134838