2401 N Ocean Blvd UNIT 502Fort LauderdaleFL33305
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 2401 N Ocean Blvd UNIT 502, Fort Lauderdale, FL, 33305 in Fort Lauderdale achieves 1.84, rent of $9,299/mo covers the $5,059/mo payment 1.5x over at $1,125,000. Rental yield 9.92%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $310,817 over five years, with $10,361/yr in principal reduction bringing total projected return to $377,581.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 5.8% |
| Monthly Cash Flow | $(986) | $1,850 |
City averages based on Fort Lauderdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $9,299 |
| Total Monthly Debt Service | $9,837 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2010
N/A lot
$N/A/sqft
$2,428 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33305, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,982 (100%) |
| Owner Occupied HU | 4,074 (51.0%) |
| Renter Occupied HU | 2,665 (33.4%) |
| Vacant Housing Units | 1,243 (15.6%) |
| Median Home Value | $715,647 |
| Average Home Value | $889,149 |
Housing Distribution
Address Breakdown
Residential
6,902
Single Family
4,182
Multi-Family
2,720
Businesses
488
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2010
N/A lot
$N/A/sqft
$2,428 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33305, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,982 (100%) |
| Owner Occupied HU | 4,074 (51.0%) |
| Renter Occupied HU | 2,665 (33.4%) |
| Vacant Housing Units | 1,243 (15.6%) |
| Median Home Value | $715,647 |
| Average Home Value | $889,149 |
Housing Distribution
Address Breakdown
Residential
6,902
Single Family
4,182
Multi-Family
2,720
Businesses
488
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices