3050 Sunrise Lakes Drive E #305Fort LauderdaleFL33322
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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 Fort Lauderdale at 3050 Sunrise Lakes Drive E #305, Fort Lauderdale, FL, 33322 generates $1,926/mo in rent and, after a $783/mo payment, leaves $479/mo in cash flow. Total monthly income is $1,926/mo, and annual cash flow is $5,753/yr on $53,007 invested. Return on cash invested sits at 30.76% in year one, and rental yield is 14.45% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 164.82% and total cumulative return in cash sums $87,366. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,926/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$335 monthly HOA
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Listed by: Frank Evans • Preferred Properties Int'l Rea
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10993987
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 2024 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.