1201 River Reach Dr #410Fort LauderdaleFL33315
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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 Fort Lauderdale at 1201 River Reach Dr #410, Fort Lauderdale, FL, 33315 offers a 11.25% rental yield on a $423,500 purchase with $3,970/mo rent. Total monthly income registers $3,970/mo, and a $2,073/mo payment leaves $1,159/mo available for distribution. Annual cash flow reaches $13,913/yr on $140,390 to close, and return on cash invested stands at 29.82% in year one. Equity gained on principal adds $2,733/yr while 5% annual appreciation supports $117,005 over five years. Portfolio math shows five-year ROI at 156.59% and total cumulative return in cash at $219,842. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,970/mo property income against a $2,073/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
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
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Listed by: Meryl Reich • Robert P. Gargano & Associates
Mls Name: BeachesMLS
Mls ID: #F10519344