1220 NE 3rd St #205Fort LauderdaleFL33301
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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 1220 NE 3rd St #205, Fort Lauderdale, FL, 33301 offers a 8.11% rental yield on a $344,990 purchase with $2,332/mo rent. Total monthly income registers $2,332/mo, and a $1,689/mo payment leaves $42/mo available for distribution. Annual cash flow reaches $506/yr on $114,364 to close, and return on cash invested stands at 20.35% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,314 over five years. Portfolio math shows five-year ROI at 105.84% and total cumulative return in cash at $121,045. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,332/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33301, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,200 (100%) |
| Owner Occupied HU | 4,658 (27.1%) |
| Renter Occupied HU | 9,032 (52.5%) |
| Vacant Housing Units | 3,510 (20.4%) |
| Median Home Value | $888,968 |
| Average Home Value | $1,108,483 |
Housing Distribution
Address Breakdown
Residential
15,368
Single Family
3,636
Multi-Family
11,732
Businesses
1,279
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Listed by: My Hien Domeika • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls ID: #F10490997