1311 NE 42nd StOakland ParkFL33334
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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 Oakland Park at 1311 NE 42nd St, Oakland Park, FL, 33334 offers a 8.6% rental yield on a $724,900 purchase with $5,194/mo rent. Total monthly income registers $5,194/mo, and a $3,548/mo payment leaves $383/mo available for distribution. Annual cash flow reaches $4,602/yr on $238,492 to close, and return on cash invested stands at 21.99% in year one. Equity gained on principal adds $4,678/yr while 5% annual appreciation supports $200,277 over five years. Portfolio math shows five-year ROI at 114.56% and total cumulative return in cash at $273,225. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,194/mo property income against a $3,548/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
8,258 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33334, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,055 (100%) |
| Owner Occupied HU | 7,362 (48.9%) |
| Renter Occupied HU | 6,304 (41.9%) |
| Vacant Housing Units | 1,389 ( 9.2%) |
| Median Home Value | $551,236 |
| Average Home Value | $594,118 |
Housing Distribution
Address Breakdown
Residential
14,115
Single Family
9,540
Multi-Family
4,575
Businesses
2,196
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Listed by: Alisha Moriceau • Your Esquire Realty
Mls Name: BeachesMLS
Mls ID: #F10504952