2801 Somerset Dr #101Fort 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 2801 Somerset Dr #101, Fort Lauderdale, FL, 33311 uses $33,150 cash to close to unlock $1,510/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $789/mo, and a $489/mo payment keeps the spread at $126/mo. Purchase price stands at $100,000, and rental yield measures 9.47% with $789/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 127.87% and total cumulative return in cash records $42,388. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $789/mo property income covering a $489/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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: Emily Odak • Better Homes & Gdns RE Fla 1st
Mls Name: BeachesMLS
Mls ID: #F10544139