1620 S Ocean Blvd APT 6LLauderdale By The SeaFL33062
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 1620 S Ocean Blvd APT 6L, Lauderdale By The Sea, FL, 33062 in Lauderdale By The Sea. Rental yield 7.08%. The 1.31 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $113,220 and $3,774/yr in principal reduction project total return of $136,812.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 6.0% |
| Monthly Cash Flow | $(1,540) | $1,500 |
City averages based on Lauderdale By The Sea market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,418 |
| Total Monthly Debt Service | $2,556 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1971
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1971
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MIAMI
Mls ID: #A11988411