350 SE 2nd St #840Fort LauderdaleFL33301
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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 350 SE 2nd St #840, Fort Lauderdale, FL, 33301 earns $478/mo cash flow from $3,929/mo rent with a $2,545/mo payment. Total monthly income totals $3,929/mo, and annual cash flow totals $5,740/yr on $171,080 capital. ROI tracks 23.42% on current figures, and rental yield reads 9.07% at a $520,000 purchase. Equity gained on principal adds $3,355/yr, and 5% annual appreciation supports $143,666 over five years. Five-year ROI reaches 122.22% and total cumulative return in cash sums $209,099. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,929/mo property income instead of your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33301, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,200 (100%) |
| Owner Occupied HU | 4,658 (27.1%) |
| Renter Occupied HU | 9,032 (52.5%) |
| Vacant Housing Units | 3,510 (20.4%) |
| Median Home Value | $888,968 |
| Average Home Value | $1,108,483 |
Housing Distribution
Address Breakdown
Residential
15,368
Single Family
3,636
Multi-Family
11,732
Businesses
1,279
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Listed by: Jess Iacobone • Better Homes & Gdns RE Fla 1st
Mls Name: BeachesMLS
Mls ID: #F10545729