2946 S University Dr APT 7210Fort 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 2946 S University Dr APT 7210, Fort Lauderdale, FL, 33328 offers a 11.97% rental yield on a $220,000 purchase with $2,194/mo rent. Total monthly income registers $2,194/mo, and a $1,077/mo payment leaves $65/mo available for distribution. Annual cash flow reaches $783/yr on $72,930 to close, and return on cash invested stands at 20.98% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 113.24% and total cumulative return in cash at $82,583. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,194/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
$508 monthly 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: Carla Ellek • Westlake Realty Group, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11727530
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.