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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Davie at 2831 SW 87th Ave UNIT 706, Davie, FL, 33328 listed at $309,000 pairs $3,048/mo rent with a $1,512/mo payment to leave $344/mo cash flow. Total monthly income runs $3,048/mo, and annual cash flow reaches $4,126/yr on $102,434 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 11.84% at a $309,000 basis. Equity gained on principal adds $1,994/yr, and annual property appreciation at 5% supports $85,371 by year five. Five-year ROI tracks 127.8% and total cumulative return in cash totals $130,913. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,048/mo property income relative to a $1,512/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
N/A lot
$N/A/sqft
$654 monthly HOA
Neighborhood data shown for ZIP Code: 33328, Fort Lauderdale, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,529 (100%) |
| Owner Occupied HU | 8,146 (77.4%) |
| Renter Occupied HU | 2,072 (19.7%) |
| Vacant Housing Units | 311 ( 3.0%) |
| Median Home Value | $612,809 |
| Average Home Value | $671,315 |
Residential
10,504
Single Family
8,704
Multi-Family
1,800
Businesses
780
Date | Event | Price |
|---|---|---|
| 2025-01-10 | Price change | $309,000 |
| 2024-11-23 | Listed for sale | $315,000 |
| 2024-07-13 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | $1133.51 | 4.82% | $82,910 | 2.99% |
| 2023-02-14 | $1081.36 | 17.00% | $80,500 | 2.99% |
| 2022-02-14 | $924.21 | 4.08% | $78,160 | 2.99% |
Listed by: Vanessa Suarez Estrada • Lukso Realty LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10473078
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
