210 Lake Pointe Dr APT 304Fort 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 210 Lake Pointe Dr APT 304, Fort Lauderdale, FL, 33309 offers a 9.17% rental yield on a $160,000 purchase with $1,223/mo rent. Total monthly income registers $1,223/mo, and a $783/mo payment leaves $161/mo available for distribution. Annual cash flow reaches $1,936/yr on $53,040 to close, and return on cash invested stands at 23.56% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 123.06% and total cumulative return in cash at $65,270. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,223/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
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: Noelia Quinonez PA • LoKation
Mls Name: MIAMI
Mls ID: #A11921723