2681 N Flamingo Rd APT 1501SFort LauderdaleFL33323
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
Rental property for sale in Fort Lauderdale at 2681 N Flamingo Rd APT 1501S, Fort Lauderdale, FL, 33323 generates $4,614/mo in rent and, after a $2,300/mo payment, leaves $1,495/mo in cash flow. Total monthly income is $4,614/mo, and annual cash flow is $17,945/yr on $155,805 invested. Return on cash invested sits at 31.43% in year one, and rental yield is 11.78% on a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 165.2% and total cumulative return in cash sums $257,397. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,614/mo property income rather than buyer’s personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
No 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
Listed by: Manuela MacKenzie • Spider Int'l R.E. Services
Mls Name: MIAMI
Mls ID: #A11876520