2803 N Oakland Forest Dr APT 205Fort LauderdaleFL33309
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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 2803 N Oakland Forest Dr APT 205, Fort Lauderdale, FL, 33309 uses $83,207 cash to close to unlock $610/yr annual cash flow and $51/mo monthly cash flow. Total monthly income runs $1,717/mo, and a $1,229/mo payment keeps the spread at $51/mo. Purchase price stands at $251,000, and rental yield measures 8.21% with $1,717/mo rent. Return on cash invested shows 20.64% in year one, and 5% annual appreciation builds toward $69,347 over five years. Five-year ROI reaches 107.36% and total cumulative return in cash records $89,328. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,717/mo property income covering a $1,229/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33309, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,194 (100%) |
| Owner Occupied HU | 9,384 (57.9%) |
| Renter Occupied HU | 5,818 (35.9%) |
| Vacant Housing Units | 992 ( 6.1%) |
| Median Home Value | $401,519 |
| Average Home Value | $475,097 |
Housing Distribution
Address Breakdown
Residential
15,277
Single Family
11,083
Multi-Family
4,194
Businesses
2,822
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Listed by: Minerva Strum • RE/MAX Concierge
Mls Name: MIAMI
Mls ID: #A11935717