2921 SW 87th Ave APT 502Fort LauderdaleFL33328
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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 2921 SW 87th Ave APT 502, Fort Lauderdale, FL, 33328 uses $89,472 cash to close to unlock $959/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $1,871/mo, and a $1,321/mo payment keeps the spread at $80/mo. Purchase price stands at $269,900, and rental yield measures 8.32% with $1,871/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 109.15% and total cumulative return in cash records $97,662. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,871/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33328, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,529 (100%) |
| Owner Occupied HU | 8,146 (77.4%) |
| Renter Occupied HU | 2,072 (19.7%) |
| Vacant Housing Units | 311 ( 3.0%) |
| Median Home Value | $612,809 |
| Average Home Value | $671,315 |
Housing Distribution
Address Breakdown
Residential
10,504
Single Family
8,704
Multi-Family
1,800
Businesses
780
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Listed by: Linda Tabasky Goldberg • The Keyes Company
Mls Name: MIAMI
Mls ID: #A11854434