241 Corsair AveLauderdale 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
Rental property for sale in Lauderdale By The Sea at 241 Corsair Ave, Lauderdale By The Sea, FL, 33308 priced at $995,000 converts $7,302/mo rent into $699/mo cash flow after a $4,870/mo obligation. Total monthly income equals $7,302/mo, and annual cash flow totals $8,388/yr on $327,355 invested. Return on cash invested prints 22.62% in year one, and rental yield reads 8.81% against a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation compiles into $274,900 by year five. Five-year ROI reaches 117.96% and total cumulative return in cash sums $386,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,302/mo property income covering a $4,870/mo payment, not borrower’s personal income.
Single Family
Built in 1956
7,702 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: Kirk Bauer • RE/MAX First
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10474213
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 2024 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.