2681 N Flamingo Rd APT 707SunriseFL33323
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable and efficiently structured, 2681 N Flamingo Rd APT 707, Sunrise, FL, 33323 in Sunrise is a conservative rental investment at $298,000. Rental yield 8.5%. A 1.49 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $82,332; $2,498/yr in principal paydown supplements. Total projected return: $45,011.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.0% |
| Monthly Cash Flow | $(1,059) | $300 |
City averages based on Sunrise market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,111 |
| Total Monthly Debt Service | $3,124 |
| DSCR Ratio | 0.68x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2009
N/A lot
$N/A/sqft
$982 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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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
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Listed by: Ana Aguilar Diaz • Brokernation Real Estate Doral
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11733475
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.
