2811 Somerset Dr #206Fort 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 2811 Somerset Dr #206, Fort Lauderdale, FL, 33311 listed at $113,000 pairs $897/mo rent with a $553/mo payment to leave $147/mo cash flow. Total monthly income runs $897/mo, and annual cash flow reaches $1,766/yr on $37,460 cash to close. Return on cash invested measures 24.62% in year one, and rental yield registers 9.53% at a $113,000 basis. Equity gained on principal adds $729/yr, and annual property appreciation at 5% supports $31,220 by year five. Five-year ROI tracks 128.83% and total cumulative return in cash totals $48,257. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $897/mo property income relative to a $553/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Cindy Ann Bourdeau • RE/MAX Consultants Realty 1
Mls Name: BeachesMLS
Mls ID: #F10520728