2000 Metropica Way #404Fort LauderdaleFL33323
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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 2000 Metropica Way #404, Fort Lauderdale, FL, 33323 offers a 7.4% rental yield on a $599,000 purchase with $3,692/mo rent. 03% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 53.43% and total cumulative return in cash at $105,298. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,692/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2020
N/A lot
$N/A/sqft
$1,113 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33323, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,605 (100%) |
| Owner Occupied HU | 6,072 (63.2%) |
| Renter Occupied HU | 2,716 (28.3%) |
| Vacant Housing Units | 817 ( 8.5%) |
| Median Home Value | $535,546 |
| Average Home Value | $594,867 |
Housing Distribution
Address Breakdown
Residential
8,733
Single Family
6,145
Multi-Family
2,588
Businesses
788
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-13 | Listed for rent | $3,450 |
| 2024-12-10 | Listed for sale | $599,000 |
| 2023-11-09 | Listing removed | N/A |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $8345.51 | 4.88% | $387,340 | 3.62% |
| 2022-12-26 | $7957.13 | 9.61% | $373,820 | 10.00% |
| 2021-12-26 | $7259.75 | 12399.57% | $339,840 | 11951.06% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 2020
- Architectural Style: N/A
- Building Area: 968
- Living Area: 968 sqft
- Property Condition: New Construction
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Other
- Interior Features: Elevator
- Exterior Features: Barbecue, Open Balcony, Tennis Court(s)
- Parking Features: 1 Space
Location
- City: Fort Lauderdale
- State: FL
- Subdivision: Metropica North Tower One
- Lot Size: N/A
- Lot Features: N/A
- View: Other
HOA & Fees
- HOA Fee: $1,113 monthly
- Association Fee: $1,113 monthly
- Fees & Dues: N/A
- Association Amenities: Barbecue, Business Center, Child Play Area, Clubhouse-Clubroom, Community Room, Elevator(s), Fitness Center, Heated Pool, Sauna, Tennis Court(s), Trash Chute
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Dylan Filsaime • Sheen Real Estate Solutions
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11706598
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.