1831 NE 38th St #206Fort LauderdaleFL33308
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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 1831 NE 38th St #206, Fort Lauderdale, FL, 33308 earns $363/mo cash flow from $2,353/mo rent with a $1,468/mo payment. Total monthly income totals $2,353/mo, and annual cash flow totals $4,350/yr on $99,450 capital. ROI tracks 24.28% on current figures, and rental yield reads 9.41% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 126.9% and total cumulative return in cash sums $126,204. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,353/mo property income instead of your personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33308, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,285 (100%) |
| Owner Occupied HU | 11,743 (48.4%) |
| Renter Occupied HU | 5,314 (21.9%) |
| Vacant Housing Units | 7,228 (29.8%) |
| Median Home Value | $710,489 |
| Average Home Value | $814,851 |
Housing Distribution
Address Breakdown
Residential
21,128
Single Family
6,376
Multi-Family
14,752
Businesses
1,456
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Listed by: Gordon Bernstein • Better Homes & Gdns RE Fla 1st
Mls Name: BeachesMLS
Mls ID: #F10541051