2651 Riverland DrFort LauderdaleFL33312
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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 2651 Riverland Dr, Fort Lauderdale, FL, 33312 uses $206,941 cash to close to unlock $2,430/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $4,377/mo, and a $3,079/mo payment keeps the spread at $202/mo. Purchase price stands at $629,000, and rental yield measures 8.35% with $4,377/mo rent. Return on cash invested shows 21.23% in year one, and 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 110.52% and total cumulative return in cash records $228,705. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,377/mo property income covering a $3,079/mo payment rather than investor’s personal income.
Multi Family
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33312, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,901 (100%) |
| Owner Occupied HU | 11,493 (52.5%) |
| Renter Occupied HU | 8,606 (39.3%) |
| Vacant Housing Units | 1,802 ( 8.2%) |
| Median Home Value | $496,219 |
| Average Home Value | $602,182 |
Housing Distribution
Address Breakdown
Residential
20,452
Single Family
15,849
Multi-Family
4,603
Businesses
1,991
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Listed by: Diana Gutierrez Noel • Gilvan Realty Corp
Mls Name: MIAMI
Mls ID: #A11881520