2741 N Pine Island Rd APT 305Fort LauderdaleFL33322
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.71, 2741 N Pine Island Rd APT 305, Fort Lauderdale, FL, 33322 in Fort Lauderdale sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.21%. The 9.21% yield is backed by 5% annual appreciation projecting $28,982 in value gain, plus $966/yr in principal reduction. Total projected cumulative return: $20,070.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.8% |
| Monthly Cash Flow | $(340) | $1,850 |
City averages based on Fort Lauderdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $805 |
| Total Monthly Debt Service | $1,103 |
| DSCR Ratio | 0.73x |
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 1975
N/A lot
$N/A/sqft
$445 monthly HOA
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 1975
N/A lot
$N/A/sqft
$445 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Becerra • Cutting Edge Investments & Realty Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11627260
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