1839 Middle River Dr #501Fort 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
Rental property for sale in Fort Lauderdale at 1839 Middle River Dr #501, Fort Lauderdale, FL, 33394 generates $2,020/mo in rent and, after a $1,419/mo payment, leaves $96/mo in cash flow. Total monthly income is $2,020/mo, and annual cash flow is $1,153/yr on $96,102 invested. Return on cash invested sits at 21.11% in year one, and rental yield is 8.36% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 109.92% and total cumulative return in cash sums $105,633. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,020/mo property income rather than buyer’s personal income.
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: Grayson Adler • Compass Florida, LLC
Mls Name: MIAMI
Mls ID: #A11828797