3096 S Oakland Forest Drive #1605Oakland ParkFL33309
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 3096 S Oakland Forest Drive #1605, Oakland Park, FL, 33309 in Oakland Park delivers $2,992/mo in gross rent and $418/mo in net monthly income at a $306,000 entry. The 11.73% yield and 2.17 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $84,542 over five years and $2,818/yr in equity from loan paydown, total projected return is $178,530.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.0% |
| Monthly Cash Flow | $418 | $1,500 |
City averages based on Oakland Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,992 |
| Total Monthly Debt Service | $1,909 |
| DSCR Ratio | 1.57x |
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.
Condo
Built in 1989
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
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
Condo
Built in 1989
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marsann Cecere • Beachfront Properties Real Estate LLC
Mls Name: BeachesMLS
Mls ID: #RX-11161865