234 Hibiscus Ave APT 364Lauderdale 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 234 Hibiscus Ave APT 364, Lauderdale By The Sea, FL, 33308 offers a 8.4% rental yield on a $225,000 purchase with $1,575/mo rent. Total monthly income registers $1,575/mo, and a $1,101/mo payment leaves $82/mo available for distribution. Annual cash flow reaches $985/yr on $74,588 to close, and return on cash invested stands at 21.23% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 110.56% and total cumulative return in cash at $82,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,575/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1966
N/A 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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Listed by: Gloria Heck PA • RE/MAX Direct
Mls Name: MIAMI
Mls ID: #A11849242