2641 N Flamingo Rd APT 2305NFort LauderdaleFL33323
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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 Fort Lauderdale at 2641 N Flamingo Rd APT 2305N, Fort Lauderdale, FL, 33323 listed at $373,999 pairs $2,574/mo rent with a $1,831/mo payment. Total monthly income runs $2,574/mo. Return on cash invested measures 4.63% in year one, and rental yield registers 8.26% at a $373,999 basis. Equity gained on principal adds $2,413/yr, and annual property appreciation at 5% supports $103,329 by year five. Five-year ROI tracks 27.37% and total cumulative return in cash totals $33,937. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,574/mo property income relative to a $1,831/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2009
N/A lot
$N/A/sqft
$1,337 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
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Listed by: Carmen Telfort • Real Estate Geeks
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11643560
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.