2409 N Ocean Blvd #327Fort LauderdaleFL33305
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2409 N Ocean Blvd #327, Fort Lauderdale, FL, 33305 in Fort Lauderdale. Priced at $599,000, it generates $5,668/mo in gross rent and $1,693/mo in net monthly cash flow, a 11.35% yield that comfortably supports the 2.10 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $20,310. Five-year appreciation: $165,493. Equity from principal paydown: $5,517/yr. Total projected cumulative return: $337,264.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 5.8% |
| Monthly Cash Flow | $1,693 | $1,850 |
City averages based on Fort Lauderdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,668 |
| Total Monthly Debt Service | $3,737 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2008
N/A lot
$N/A/sqft
No 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 2008
N/A lot
$N/A/sqft
No 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
Listed by: Dan Hellman • Berkshire Hathaway HomeServices FL Realty
Mls Name: BeachesMLS
Mls ID: #F10533804