112 Lake Emerald Dr APT 106Oakland ParkFL33309
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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
Investment property for sale in Oakland Park at 112 Lake Emerald Dr APT 106, Oakland Park, FL, 33309 listed at $115,000 pairs $901/mo rent with a $563/mo payment to leave $138/mo cash flow. Total monthly income runs $901/mo, and annual cash flow reaches $1,653/yr on $38,123 cash to close. Return on cash invested measures 24.24% in year one, and rental yield registers 9.4% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 126.72% and total cumulative return in cash totals $48,309. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $901/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: Farid Khan • Florida Realty of Miami Corp
Mls Name: MIAMI
Mls ID: #A11934971