209 N Fort Lauderdale Beach Blvd UNIT 16HFort LauderdaleFL33304
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 209 N Fort Lauderdale Beach Blvd UNIT 16H, Fort Lauderdale, FL, 33304 in Fort Lauderdale at $434,900 earns $3,824/mo in rent and nets $108/mo after the $1,956/mo payment, a 10.55% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $120,155 over five years. Ziffy Mortgage underwrites this on a 1.96 DSCR without U.S. credit history. With $4,005/yr in principal paydown, total projected return reaches $176,302.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 5.8% |
| Monthly Cash Flow | $108 | $1,850 |
City averages based on Fort Lauderdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,824 |
| Total Monthly Debt Service | $3,543 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1981
N/A lot
$N/A/sqft
$618 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33304, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,109 (100%) |
| Owner Occupied HU | 5,379 (35.6%) |
| Renter Occupied HU | 6,993 (46.3%) |
| Vacant Housing Units | 2,737 (18.1%) |
| Median Home Value | $733,600 |
| Average Home Value | $905,136 |
Housing Distribution
Address Breakdown
Residential
12,657
Single Family
4,624
Multi-Family
8,033
Businesses
1,074
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1981
N/A lot
$N/A/sqft
$618 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33304, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,109 (100%) |
| Owner Occupied HU | 5,379 (35.6%) |
| Renter Occupied HU | 6,993 (46.3%) |
| Vacant Housing Units | 2,737 (18.1%) |
| Median Home Value | $733,600 |
| Average Home Value | $905,136 |
Housing Distribution
Address Breakdown
Residential
12,657
Single Family
4,624
Multi-Family
8,033
Businesses
1,074
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Claire Morineau • Florida Sands Realty Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10481915
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.