3055 Harbor Dr #1402Fort LauderdaleFL33316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3055 Harbor Dr #1402, Fort Lauderdale, FL, 33316 offers a 5.48% rental yield on a $1,995,000 purchase with $9,104/mo rent. 69% in year one. Equity gained on principal adds $12,873/yr while 5% annual appreciation supports $551,182 over five years. Portfolio math shows five-year ROI at 64.64% and total cumulative return in cash at $417,849. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $9,104/mo property income against a $9,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33316, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,837 (100%) |
| Owner Occupied HU | 4,013 (40.8%) |
| Renter Occupied HU | 3,445 (35.0%) |
| Vacant Housing Units | 2,379 (24.2%) |
| Median Home Value | $955,160 |
| Average Home Value | $1,128,986 |
Housing Distribution
Address Breakdown
Residential
8,599
Single Family
2,862
Multi-Family
5,737
Businesses
1,405
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Greenberg • Coast Properties of S. Florida
Mls Name: BeachesMLS
Mls ID: #F10536890