2400 NE 9th St APT 201Fort LauderdaleFL33304
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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 2400 NE 9th St APT 201, Fort Lauderdale, FL, 33304 earns $191/mo cash flow from $1,495/mo rent with a $962/mo payment. Total monthly income totals $1,495/mo, and annual cash flow totals $2,289/yr on $65,140 capital. ROI tracks 23.42% on current figures, and rental yield reads 9.13% at a $196,500 purchase. Equity gained on principal adds $1,268/yr, and 5% annual appreciation supports $54,289 over five years. Five-year ROI reaches 122.29% and total cumulative return in cash sums $79,657. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,495/mo property income instead of your personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33304, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,109 (100%) |
| Owner Occupied HU | 5,379 (35.6%) |
| Renter Occupied HU | 6,993 (46.3%) |
| Vacant Housing Units | 2,737 (18.1%) |
| Median Home Value | $733,600 |
| Average Home Value | $905,136 |
Housing Distribution
Address Breakdown
Residential
12,657
Single Family
4,624
Multi-Family
8,033
Businesses
1,074
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Listed by: Karen Kroboth • One Sotheby's Int'l Realty
Mls Name: MIAMI
Mls ID: #A11829837