290 Tropic DrLauderdale By The SeaFL33308
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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
Rental property for sale in Lauderdale By The Sea at 290 Tropic Dr, Lauderdale By The Sea, FL, 33308 priced at $1,450,000 converts $5,232/mo rent into after a $7,097/mo obligation. Total monthly income equals $5,232/mo. Return on cash invested prints 9.16% in year one, and rental yield reads 4.33% against a $1,450,000 entry. Equity gained on principal adds $9,357/yr, while 5% annual appreciation compiles into $400,608 by year five. Five-year ROI reaches 45.68% and total cumulative return in cash sums $214,605. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,232/mo property income covering a $7,097/mo payment, not borrower’s personal income.
Single Family
Built in 1957
9,941 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33308, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,285 (100%) |
| Owner Occupied HU | 11,743 (48.4%) |
| Renter Occupied HU | 5,314 (21.9%) |
| Vacant Housing Units | 7,228 (29.8%) |
| Median Home Value | $710,489 |
| Average Home Value | $814,851 |
Housing Distribution
Address Breakdown
Residential
21,128
Single Family
6,376
Multi-Family
14,752
Businesses
1,456
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Listed by: Glamely Silva • LoKation
Mls Name: MIAMI
Mls ID: #A11921556