2841 Somerset Dr APT 312Fort 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 2841 Somerset Dr APT 312, Fort Lauderdale, FL, 33311 earns $146/mo cash flow from $1,075/mo rent with a $685/mo payment. Total monthly income totals $1,075/mo, and annual cash flow totals $1,754/yr on $46,410 capital. ROI tracks 23.69% on current figures, and rental yield reads 9.21% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 123.82% and total cumulative return in cash sums $57,466. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,075/mo property income instead of your 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: Rupert Reid • Western Angel Realty Inc
Mls Name: MIAMI
Mls ID: #A11841826