1839 Middle River Dr #105Fort LauderdaleFL33394
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
Investment Highlights
Investment property for sale in Fort Lauderdale at 1839 Middle River Dr #105, Fort Lauderdale, FL, 33394 listed at $369,000 pairs $3,127/mo rent with a $1,806/mo payment to leave $678/mo cash flow. Total monthly income runs $3,127/mo, and annual cash flow reaches $8,140/yr on $122,324 cash to close. Return on cash invested measures 26.56% in year one, and rental yield registers 10.17% at a $369,000 basis. Equity gained on principal adds $2,381/yr, and annual property appreciation at 5% supports $101,948 by year five. Five-year ROI tracks 139.13% and total cumulative return in cash totals $170,187. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,127/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33394, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 795 (100%) |
| Owner Occupied HU | 162 (20.4%) |
| Renter Occupied HU | 533 (67.0%) |
| Vacant Housing Units | 100 (12.6%) |
| Median Home Value | $836,538 |
| Average Home Value | $1,021,327 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
71
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Madeline Cajote • Compass Florida, LLC
Mls Name: BeachesMLS
Mls ID: #F10538348