2800 Somerset Dr APT 215JFort LauderdaleFL33311
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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 2800 Somerset Dr APT 215J, Fort Lauderdale, FL, 33311 earns from $856/mo rent with a $548/mo payment. Total monthly income totals $856/mo. ROI tracks -9.91% on current figures, and rental yield reads 9.17% at a $112,000 purchase. Equity gained on principal adds $723/yr, and 5% annual appreciation supports $30,944 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $856/mo property income instead of your personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$892 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33311, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,271 (100%) |
| Owner Occupied HU | 10,998 (40.3%) |
| Renter Occupied HU | 14,421 (52.9%) |
| Vacant Housing Units | 1,852 ( 6.8%) |
| Median Home Value | $362,464 |
| Average Home Value | $412,448 |
Housing Distribution
Address Breakdown
Residential
25,408
Single Family
19,202
Multi-Family
6,206
Businesses
2,571
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Listed by: Edward Capote • EXP Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11831745
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.