1900 S Ocean Dr #1002Fort LauderdaleFL33316
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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 S Ocean Dr #1002, Fort Lauderdale, FL, 33316 listed at $399,000 pairs $2,667/mo rent with a $1,953/mo payment to leave $19/mo cash flow. Total monthly income runs $2,667/mo, and annual cash flow reaches $229/yr on $132,269 cash to close. Return on cash invested measures 20.08% in year one, and rental yield registers 8.02% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 104.38% and total cumulative return in cash totals $138,062. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,667/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33316, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,837 (100%) |
| Owner Occupied HU | 4,013 (40.8%) |
| Renter Occupied HU | 3,445 (35.0%) |
| Vacant Housing Units | 2,379 (24.2%) |
| Median Home Value | $955,160 |
| Average Home Value | $1,128,986 |
Housing Distribution
Address Breakdown
Residential
8,599
Single Family
2,862
Multi-Family
5,737
Businesses
1,405
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Listed by: Parks Morgan • RE/MAX Experience
Mls Name: BeachesMLS
Mls ID: #F10530479