113 Lake Emerald Drive #409Oakland ParkFL33309
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 113 Lake Emerald Drive #409, Oakland Park, FL, 33309 in Oakland Park. At $208,800 it earns $2,491/mo in rent and distributes $257/mo to the owner after the $939/mo payment, a consistent 14.32% yield. DSCR 2.65 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $57,688 in value; $1,923/yr in principal paydown compounds ownership stake. Total projected return: $99,788.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.3% | 6.0% |
| Monthly Cash Flow | $257 | $1,500 |
City averages based on Oakland Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,491 |
| Total Monthly Debt Service | $2,151 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1981
N/A lot
$N/A/sqft
$803 monthly 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
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
Condo
Built in 1981
N/A lot
$N/A/sqft
$803 monthly 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: Mark Hirst • Realty Home Advisors Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11091380
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.