3053 N Oakland Forest Dr #201Oakland ParkFL33309
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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 Oakland Park at 3053 N Oakland Forest Dr #201, Oakland Park, FL, 33309 listed at $267,900 pairs $2,388/mo rent with a $1,311/mo payment to leave $610/mo cash flow. Total monthly income runs $2,388/mo, and annual cash flow reaches $7,325/yr on $88,809 cash to close. Return on cash invested measures 28.16% in year one, and rental yield registers 10.7% at a $267,900 basis. Equity gained on principal adds $1,729/yr, and annual property appreciation at 5% supports $74,016 by year five. Five-year ROI tracks 147.69% and total cumulative return in cash totals $131,162. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,388/mo property income relative to a $1,311/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33309, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,194 (100%) |
| Owner Occupied HU | 9,384 (57.9%) |
| Renter Occupied HU | 5,818 (35.9%) |
| Vacant Housing Units | 992 ( 6.1%) |
| Median Home Value | $401,519 |
| Average Home Value | $475,097 |
Housing Distribution
Address Breakdown
Residential
15,277
Single Family
11,083
Multi-Family
4,194
Businesses
2,822
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Listed by: Damian Sutton • HomeSmart
Mls Name: BeachesMLS
Mls ID: #F10539181