1900 NE 8th Ct UNIT 101Fort LauderdaleFL33304
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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 1900 NE 8th Ct UNIT 101, Fort Lauderdale, FL, 33304 offers a 13.59% rental yield on a $269,000 purchase with $3,047/mo rent. Total monthly income registers $3,047/mo, and a $1,317/mo payment leaves $576/mo available for distribution. Annual cash flow reaches $6,918/yr on $89,174 to close, and return on cash invested stands at 27.67% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 148.4% and total cumulative return in cash at $132,335. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,047/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1966
N/A lot
$N/A/sqft
$685 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33304, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,109 (100%) |
| Owner Occupied HU | 5,379 (35.6%) |
| Renter Occupied HU | 6,993 (46.3%) |
| Vacant Housing Units | 2,737 (18.1%) |
| Median Home Value | $733,600 |
| Average Home Value | $905,136 |
Housing Distribution
Address Breakdown
Residential
12,657
Single Family
4,624
Multi-Family
8,033
Businesses
1,074
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Listed by: Maggie Armbrust • eXp Realty LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10474366
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.