218 Lake Pointe Drive #108Fort 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
Rental property for sale in Fort Lauderdale at 218 Lake Pointe Drive #108, Fort Lauderdale, FL, 33309 generates $1,449/mo in rent and, after a $1,052/mo payment, leaves $23/mo in cash flow. Total monthly income is $1,449/mo, and annual cash flow is $270/yr on $71,273 invested. Return on cash invested sits at 20.29% in year one, and rental yield is 8.09% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 105.5% and total cumulative return in cash sums $75,193. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,449/mo property income rather than buyer’s personal income.
Condo
Built in 1986
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: Richard Matthew Gelling • The Keyes Company
Mls Name: BeachesMLS
Mls ID: #RX-11140906