246 Shore CtLauderdale 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
Investment property for sale in Lauderdale By The Sea at 246 Shore Ct, Lauderdale By The Sea, FL, 33308 listed at $1,689,000 pairs $5,320/mo rent with a $8,267/mo payment. Total monthly income runs $5,320/mo. Return on cash invested measures 7.46% in year one, and rental yield registers 3.78% at a $1,689,000 basis. Equity gained on principal adds $10,899/yr, and annual property appreciation at 5% supports $466,640 by year five. Five-year ROI tracks 36.57% and total cumulative return in cash totals $200,134. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,320/mo property income relative to a $8,267/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2018
N/A 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: Christina Henley • Solid Rock Realty, Inc.
Mls Name: BeachesMLS
Mls ID: #F10535035