2001 N Ocean Blvd APT 701Fort LauderdaleFL33305
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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 2001 N Ocean Blvd APT 701, Fort Lauderdale, FL, 33305 offers a 7.87% rental yield on a $998,500 purchase with $6,547/mo rent. 6% in year one. Equity gained on principal adds $6,443/yr while 5% annual appreciation supports $275,867 over five years. Portfolio math shows five-year ROI at 56.83% and total cumulative return in cash at $186,685. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,547/mo property income against a $4,887/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
$2,018 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33305, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,982 (100%) |
| Owner Occupied HU | 4,074 (51.0%) |
| Renter Occupied HU | 2,665 (33.4%) |
| Vacant Housing Units | 1,243 (15.6%) |
| Median Home Value | $715,647 |
| Average Home Value | $889,149 |
Housing Distribution
Address Breakdown
Residential
6,902
Single Family
4,182
Multi-Family
2,720
Businesses
488
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Listed by: Suhelen Solorzano • LoKation
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11814230
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.