2912 NE 8th Ter #204Oakland ParkFL33334
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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 Oakland Park at 2912 NE 8th Ter #204, Oakland Park, FL, 33334 generates $2,414/mo in rent and, after a $1,115/mo payment, leaves $487/mo in cash flow. Total monthly income is $2,414/mo, and annual cash flow is $5,847/yr on $75,508 invested. Return on cash invested sits at 27.65% in year one, and rental yield is 12.72% on a $227,777 entry. Equity gained on principal adds $1,470/yr, while 5% annual appreciation builds toward $62,931 over five years. Five-year ROI reaches 147.38% and total cumulative return in cash sums $111,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,414/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$415 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33334, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,055 (100%) |
| Owner Occupied HU | 7,362 (48.9%) |
| Renter Occupied HU | 6,304 (41.9%) |
| Vacant Housing Units | 1,389 ( 9.2%) |
| Median Home Value | $551,236 |
| Average Home Value | $594,118 |
Housing Distribution
Address Breakdown
Residential
14,115
Single Family
9,540
Multi-Family
4,575
Businesses
2,196
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Listed by: Joe Gutierrez • Balistreri Real Estate Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10503981
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.