1101 River Reach Dr #402Fort LauderdaleFL33315
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 1101 River Reach Dr #402, Fort Lauderdale, FL, 33315 earns $174/mo cash flow from $1,401/mo rent with a $905/mo payment. Total monthly income totals $1,401/mo, and annual cash flow totals $2,085/yr on $61,328 capital. ROI tracks 23.31% on current figures, and rental yield reads 9.09% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 121.67% and total cumulative return in cash sums $74,619. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,401/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: 33315, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,908 (100%) |
| Owner Occupied HU | 3,604 (45.6%) |
| Renter Occupied HU | 3,261 (41.2%) |
| Vacant Housing Units | 1,043 (13.2%) |
| Median Home Value | $617,061 |
| Average Home Value | $669,168 |
Housing Distribution
Address Breakdown
Residential
7,173
Single Family
4,953
Multi-Family
2,220
Businesses
926
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Demaria • Premier Platinum Realty
Mls Name: BeachesMLS
Mls ID: #F10545025