202 Lake Pointe Dr APT 204Fort LauderdaleFL33309
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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 202 Lake Pointe Dr APT 204, Fort Lauderdale, FL, 33309 earns $178/mo cash flow from $1,340/mo rent with a $857/mo payment. Total monthly income totals $1,340/mo, and annual cash flow totals $2,139/yr on $58,013 capital. ROI tracks 23.6% on current figures, and rental yield reads 9.19% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 123.28% and total cumulative return in cash sums $71,515. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,340/mo property income instead of your personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33309, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,194 (100%) |
| Owner Occupied HU | 9,384 (57.9%) |
| Renter Occupied HU | 5,818 (35.9%) |
| Vacant Housing Units | 992 ( 6.1%) |
| Median Home Value | $401,519 |
| Average Home Value | $475,097 |
Housing Distribution
Address Breakdown
Residential
15,277
Single Family
11,083
Multi-Family
4,194
Businesses
2,822
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Listed by: Charlene Rodriguez • Rent 1 Sale 1 Realty
Mls Name: MIAMI
Mls ID: #A11941204