1410 S Ocean Blvd #5FLauderdale By The SeaFL33062
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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
Rental property for sale in Lauderdale By The Sea at 1410 S Ocean Blvd #5F, Lauderdale By The Sea, FL, 33062 priced at $474,900 pairs $6,220/mo rent with $2,136/mo cash flow after a $2,324/mo payment. Total monthly income equals $6,220/mo, and annual cash flow comes to $25,627/yr on $157,429 invested. Return on cash invested is 36.19% in year one, and rental yield stands at 15.72% on a $474,900 basis. Equity gained on principal adds $3,064/yr, and 5% annual appreciation accumulates to $131,206 by year five. Five-year ROI measures 193.31% and total cumulative return in cash reaches $304,319. For financing, Ziffy Mortgage’s DSCR program evaluates $6,220/mo property income against a $2,324/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
$2,800 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33062, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,706 (100%) |
| Owner Occupied HU | 10,288 (45.3%) |
| Renter Occupied HU | 4,064 (17.9%) |
| Vacant Housing Units | 8,354 (36.8%) |
| Median Home Value | $720,313 |
| Average Home Value | $825,817 |
Housing Distribution
Address Breakdown
Residential
19,868
Single Family
4,923
Multi-Family
14,945
Businesses
968
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Listed by: John Scalia • EXP Realty, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11639036
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.