121 SW 96th Ter APT 205, Plantation, FL, 33324 | $1,139/mo Cash Flow

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121 SW 96th Ter APT 205, Plantation, FL, 33324 | $1,139/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Plantation at 121 SW 96th Ter APT 205, Plantation, FL, 33324 generates $3,986/mo in rent and, after a $2,100/mo payment, leaves $1,139/mo in cash flow. Total monthly income is $3,986/mo, and annual cash flow is $13,666/yr on $142,214 invested. Return on cash invested sits at 29.52% in year one, and rental yield is 11.15% on a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 154.96% and total cumulative return in cash sums $220,369. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,986/mo property income rather than buyer’s personal income.

Townhouse

Built in 1980

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained condo in Plantation! This charming unit features a bright and open living and kitchen area, spacious bedrooms with large windows, and a convenient washer and dryer area. Enjoy serene garden views right from your home. As an added perk, the seller is including the security equipment with the home, which features a doorbell camera, a living room camera, and a bedroom monitor buyers can continue with the existing home security service. Plus, the community landscaping is scheduled for a refresh, enhancing the already inviting surroundings. Dont miss the opportunity to make this move-in ready condo yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 33324, Fort Lauderdale, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,031 (100%)
Owner Occupied HU	11,966 (49.8%)
Renter Occupied HU	10,499 (43.7%)
Vacant Housing Units	1,566 ( 6.5%)
Median Home Value	$461,489
Average Home Value	$552,528