2420 NW 33rd St APT 1008Fort LauderdaleFL33309
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2420 NW 33rd St APT 1008, Fort Lauderdale, FL, 33309 in Fort Lauderdale is a top-tier cash-flow asset. At $280,000 it produces $2,600/mo in rent and $742/mo in net monthly income, a 11.14% gross rental yield. The DSCR of 2.07 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $8,907. Five-year appreciation adds $77,359, driving a total cumulative return of $154,501.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 5.8% |
| Monthly Cash Flow | $742 | $1,850 |
City averages based on Fort Lauderdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,600 |
| Total Monthly Debt Service | $1,747 |
| DSCR Ratio | 1.49x |
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 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33309, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,194 (100%) |
| Owner Occupied HU | 9,384 (57.9%) |
| Renter Occupied HU | 5,818 (35.9%) |
| Vacant Housing Units | 992 ( 6.1%) |
| Median Home Value | $401,519 |
| Average Home Value | $475,097 |
Housing Distribution
Address Breakdown
Residential
15,277
Single Family
11,083
Multi-Family
4,194
Businesses
2,822
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 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33309, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,194 (100%) |
| Owner Occupied HU | 9,384 (57.9%) |
| Renter Occupied HU | 5,818 (35.9%) |
| Vacant Housing Units | 992 ( 6.1%) |
| Median Home Value | $401,519 |
| Average Home Value | $475,097 |
Housing Distribution
Address Breakdown
Residential
15,277
Single Family
11,083
Multi-Family
4,194
Businesses
2,822
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina Vignolo • Yaffe International Realty
Mls Name: MIAMI
Mls ID: #A11966918