2641 N Flamingo Rd APT 2008NSunriseFL33323
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 2641 N Flamingo Rd APT 2008N, Sunrise, FL, 33323 in Sunrise achieves 2.03, rent of $4,429/mo covers the $2,181/mo payment 1.5x over at $485,000. Rental yield 10.96%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $133,997 over five years, with $4,467/yr in principal reduction bringing total projected return to $144,921.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 7.0% |
| Monthly Cash Flow | $(753) | $300 |
City averages based on Sunrise market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,429 |
| Total Monthly Debt Service | $4,989 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2009
N/A lot
$N/A/sqft
$1,672 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33323, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,605 (100%) |
| Owner Occupied HU | 6,072 (63.2%) |
| Renter Occupied HU | 2,716 (28.3%) |
| Vacant Housing Units | 817 ( 8.5%) |
| Median Home Value | $535,546 |
| Average Home Value | $594,867 |
Housing Distribution
Address Breakdown
Residential
8,733
Single Family
6,145
Multi-Family
2,588
Businesses
788
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 2009
N/A lot
$N/A/sqft
$1,672 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33323, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,605 (100%) |
| Owner Occupied HU | 6,072 (63.2%) |
| Renter Occupied HU | 2,716 (28.3%) |
| Vacant Housing Units | 817 ( 8.5%) |
| Median Home Value | $535,546 |
| Average Home Value | $594,867 |
Housing Distribution
Address Breakdown
Residential
8,733
Single Family
6,145
Multi-Family
2,588
Businesses
788
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices