228 Hibiscus Ave APT 128Lauderdale By The SeaFL33308
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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 Lauderdale By The Sea at 228 Hibiscus Ave APT 128, Lauderdale By The Sea, FL, 33308 uses $91,163 cash to close to unlock $1,200/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,925/mo, and a $1,346/mo payment keeps the spread at $100/mo. Purchase price stands at $275,000, and rental yield measures 8.4% with $1,925/mo rent. Return on cash invested shows 21.23% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 110.53% and total cumulative return in cash records $100,763. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,925/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1965
919 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33308, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,285 (100%) |
| Owner Occupied HU | 11,743 (48.4%) |
| Renter Occupied HU | 5,314 (21.9%) |
| Vacant Housing Units | 7,228 (29.8%) |
| Median Home Value | $710,489 |
| Average Home Value | $814,851 |
Housing Distribution
Address Breakdown
Residential
21,128
Single Family
6,376
Multi-Family
14,752
Businesses
1,456
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