2200 S Ocean Lane #806Fort LauderdaleFL33316
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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 2200 S Ocean Lane #806, Fort Lauderdale, FL, 33316 offers a 9.48% rental yield on a $1,100,000 purchase with $8,689/mo rent. Total monthly income registers $8,689/mo, and a $5,384/mo payment leaves $1,389/mo available for distribution. Annual cash flow reaches $16,670/yr on $356,400 to close, and return on cash invested stands at 25.05% in year one. Equity gained on principal adds $7,098/yr while 5% annual appreciation supports $303,910 over five years. Portfolio math shows five-year ROI at 130.91% and total cumulative return in cash at $466,555. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,689/mo property income against a $5,384/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33316, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,837 (100%) |
| Owner Occupied HU | 4,013 (40.8%) |
| Renter Occupied HU | 3,445 (35.0%) |
| Vacant Housing Units | 2,379 (24.2%) |
| Median Home Value | $955,160 |
| Average Home Value | $1,128,986 |
Housing Distribution
Address Breakdown
Residential
8,599
Single Family
2,862
Multi-Family
5,737
Businesses
1,405
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Listed by: Lawrence A Perr • Levy Realty Advisors LLC
Mls Name: BeachesMLS
Mls ID: #RX-11139316