2900 NE 30th St #9AFort LauderdaleFL33306
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 2900 NE 30th St #9A, Fort Lauderdale, FL, 33306 in Fort Lauderdale: $2,464/mo in rent, $705/mo net, 11.16% gross yield, all on a $265,000 acquisition. The 2.07 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $73,215 in value, and $2,441/yr in principal paydown steadily builds equity. Projected total cumulative return: $146,383.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 5.8% |
| Monthly Cash Flow | $705 | $1,850 |
City averages based on Fort Lauderdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,464 |
| Total Monthly Debt Service | $1,653 |
| DSCR Ratio | 1.49x |
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 1964
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 1964
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elena Castro • S & B Realty
Mls Name: BeachesMLS
Mls ID: #F10551667