1839 Middle River Dr #302Fort LauderdaleFL33394
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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 1839 Middle River Dr #302, Fort Lauderdale, FL, 33394 listed at $549,999 pairs $3,187/mo rent with a $2,692/mo payment. Total monthly income runs $3,187/mo. Return on cash invested measures 16.99% in year one, and rental yield registers 6.95% at a $549,999 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 87.77% and total cumulative return in cash totals $158,817. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,187/mo property income relative to a $2,692/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
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Listed by: Deborah Breton • Better Homes & Gdns RE Fla 1st
Mls Name: BeachesMLS
Mls ID: #F10538791