3057 NW 109th Ave #3057Fort LauderdaleFL33322
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Fort Lauderdale rentals match the income profile of 3057 NW 109th Ave #3057, Fort Lauderdale, FL, 33322. Listed at $365,000, gross rent is $3,672/mo and net cash flow is $1,070/mo, a 12.07% yield well above national averages. DSCR 2.24 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $100,843 by year five with $3,362/yr in annual principal reduction, projecting $208,800 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 5.8% |
| Monthly Cash Flow | $1,070 | $1,850 |
City averages based on Fort Lauderdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,672 |
| Total Monthly Debt Service | $2,457 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1983
N/A lot
$N/A/sqft
$180 monthly HOA
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
Single Family
Built in 1983
N/A lot
$N/A/sqft
$180 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Downing PA • LoKation
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11838093
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.