2161 SW 93rd Way UNIT 904Fort LauderdaleFL33324
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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
Rental property for sale in Fort Lauderdale at 2161 SW 93rd Way UNIT 904, Fort Lauderdale, FL, 33324 generates $3,080/mo in rent and, after a $1,588/mo payment, leaves $227/mo in cash flow. Total monthly income is $3,080/mo, and annual cash flow is $2,722/yr on $107,572 invested. Return on cash invested sits at 22.44% in year one, and rental yield is 11.39% on a $324,500 entry. Equity gained on principal adds $2,094/yr, while 5% annual appreciation builds toward $89,653 over five years. Five-year ROI reaches 119.82% and total cumulative return in cash sums $128,892. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,080/mo property income rather than buyer’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$700 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33324, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,031 (100%) |
| Owner Occupied HU | 11,966 (49.8%) |
| Renter Occupied HU | 10,499 (43.7%) |
| Vacant Housing Units | 1,566 ( 6.5%) |
| Median Home Value | $461,489 |
| Average Home Value | $552,528 |
Housing Distribution
Address Breakdown
Residential
23,679
Single Family
13,758
Multi-Family
9,921
Businesses
1,481
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Listed by: Amanda Martin • The Real Estate Shoppe
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10473921
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.