1920 S Ocean Dr #208Fort 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 1920 S Ocean Dr #208, Fort Lauderdale, FL, 33316 offers a 8.55% rental yield on a $259,000 purchase with $1,845/mo rent. Total monthly income registers $1,845/mo, and a $1,268/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,511/yr on $85,859 to close, and return on cash invested stands at 21.67% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 112.86% and total cumulative return in cash at $96,904. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,845/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1961
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: Phil Sparrow • Charles Rutenberg Realty FTL
Mls Name: BeachesMLS
Mls ID: #F10488142