2000 S Ocean Dr #305Fort 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 2000 S Ocean Dr #305, Fort Lauderdale, FL, 33316 earns from $6,427/mo rent with a $3,421/mo payment. Total monthly income totals $6,427/mo. ROI tracks 19.4% on current figures, and rental yield reads 11.03% at a $699,000 purchase. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 over five years. Five-year ROI reaches 104.33% and total cumulative return in cash sums $239,918. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,427/mo property income instead of your personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$4,910 quarterly 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: Gilles Rais • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10528132
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 2025 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.