1541 S Ocean Blvd APT 320Lauderdale 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 1541 S Ocean Blvd APT 320, Lauderdale By The Sea, FL, 33062 generates $3,210/mo in rent and, after a $1,265/mo payment, leaves $1,291/mo in cash flow. Total monthly income is $3,210/mo, and annual cash flow is $15,498/yr on $85,660 invested. Return on cash invested sits at 38% in year one, and rental yield is 14.91% on a $258,400 entry. Equity gained on principal adds $1,667/yr, while 5% annual appreciation builds toward $71,391 over five years. Five-year ROI reaches 201.51% and total cumulative return in cash sums $172,615. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,210/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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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