241 Bombay AveFort LauderdaleFL33308
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
Investment Highlights
Rental property for sale in Fort Lauderdale at 241 Bombay Ave, Fort Lauderdale, FL, 33308 offers $7,981/mo rent that, after a $5,506/mo payment. Total monthly income is $7,981/mo. Return on cash invested measures 20.31% in year one, and rental yield stands at 8.51% at a $1,125,000 entry. Equity gained on principal adds $7,259/yr while 5% annual appreciation compounds into $310,817 by year five. Five-year ROI records 106.14% and total cumulative return in cash reaches $386,888. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,981/mo property income versus a $5,506/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
8,254 sqft 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: Howard Goldberg Pa • RE/MAX Consultants Realty 1
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10506218
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.