2881 NE 32nd St APT 221Fort LauderdaleFL33306
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 2881 NE 32nd St APT 221, Fort Lauderdale, FL, 33306 in Fort Lauderdale is straightforward: $435,000 in, $3,502/mo in rent, $615/mo out after debt service. The 9.66% gross yield and 1.79 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $120,182 by year five. With $4,006/yr in principal equity, the total cumulative return is projected at $205,423.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 5.8% |
| Monthly Cash Flow | $615 | $1,850 |
City averages based on Fort Lauderdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,502 |
| Total Monthly Debt Service | $2,714 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marco Reyes • Coldwell Banker Realty
Mls Name: MIAMI
Mls ID: #A11891524