3101 Bayshore Drive #1008Fort LauderdaleFL33304
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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 Fort Lauderdale at 3101 Bayshore Drive #1008, Fort Lauderdale, FL, 33304 listed at $940,000 pairs $7,915/mo rent with a $4,601/mo payment to leave $1,677/mo cash flow. Total monthly income runs $7,915/mo, and annual cash flow reaches $20,122/yr on $309,260 cash to close. Return on cash invested measures 26.57% in year one, and rental yield registers 10.1% at a $940,000 basis. Equity gained on principal adds $6,066/yr, and annual property appreciation at 5% supports $259,705 by year five. Five-year ROI tracks 139.1% and total cumulative return in cash totals $430,182. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,915/mo property income relative to a $4,601/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33304, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,109 (100%) |
| Owner Occupied HU | 5,379 (35.6%) |
| Renter Occupied HU | 6,993 (46.3%) |
| Vacant Housing Units | 2,737 (18.1%) |
| Median Home Value | $733,600 |
| Average Home Value | $905,136 |
Housing Distribution
Address Breakdown
Residential
12,657
Single Family
4,624
Multi-Family
8,033
Businesses
1,074
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Listed by: Dayana Susterman • Compass Florida, LLC
Mls Name: BeachesMLS
Mls ID: #F10502845