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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Oakland Park at 114 Lake Emerald Drive UNIT 107, Oakland Park, FL, 33309 generates $2,760/mo in rent and, after a $1,028/mo payment, leaves $618/mo in cash flow. Total monthly income is $2,760/mo, and annual cash flow is $7,412/yr on $69,615 invested. Return on cash invested sits at 30.56% in year one, and rental yield is 15.77% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 165.23% and total cumulative return in cash sums $115,024. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$729 monthly HOA
Neighborhood data shown for ZIP Code: 33309, Fort Lauderdale, FL area.
| 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 |
Residential
15,277
Single Family
11,083
Multi-Family
4,194
Businesses
2,822
Date | Event | Price |
|---|---|---|
| 2024-11-15 | Price change | $210,000 |
| 2024-11-09 | Listed for sale | $215,000 |
| 2016-08-11 | Sold | $124,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $2104.90 | 6.47% | $124,160 | 2.99% |
| 2022-12-26 | $1977.05 | 5.39% | $120,550 | 3.00% |
| 2021-12-26 | $1875.97 | 4.91% | $117,040 | 1.39% |
Listed by: Michael Winer • Charles Rutenberg Realty FTL
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10469927
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 2024 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.
