2890 W Marina DrFort LauderdaleFL33312
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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 2890 W Marina Dr, Fort Lauderdale, FL, 33312 with 5% annual appreciation on a $299,000 basis while $2,001/mo rent supports operations. Total monthly income totals $2,001/mo and a $1,463/mo payment preserves $17/mo for cash returns. Annual cash flow comes to $207/yr on $99,119 deployed, and return on cash invested reaches 20.12% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,608 alongside rental yield of 8.03%. Five-year ROI measures 104.59% and total cumulative return in cash totals $103,666.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,001/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1974
3,201 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33312, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,901 (100%) |
| Owner Occupied HU | 11,493 (52.5%) |
| Renter Occupied HU | 8,606 (39.3%) |
| Vacant Housing Units | 1,802 ( 8.2%) |
| Median Home Value | $496,219 |
| Average Home Value | $602,182 |
Housing Distribution
Address Breakdown
Residential
20,452
Single Family
15,849
Multi-Family
4,603
Businesses
1,991
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Listed by: Darius Lelutiu • Best Realty and Prop. Mgmnt
Mls Name: BeachesMLS
Mls ID: #F10537113