2420 NW 33rd St APT 1011Oakland ParkFL33309
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
Investment property for sale in Oakland Park at 2420 NW 33rd St APT 1011, Oakland Park, FL, 33309 uses $77,903 cash to close to unlock $1,497/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $1,684/mo, and a $1,150/mo payment keeps the spread at $125/mo. Purchase price stands at $235,000, and rental yield measures 8.6% with $1,684/mo rent. Return on cash invested shows 21.83% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 113.73% and total cumulative return in cash records $88,600. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,684/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 1991
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: Karen Sardina De Levay • Realty One Group Evolution
Mls Name: MIAMI
Mls ID: #A11926299