350 SE 2nd St APT 1640Fort 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 APT 1640, Fort Lauderdale, FL, 33301 earns $397/mo cash flow from $4,372/mo rent with a $2,932/mo payment. Total monthly income totals $4,372/mo, and annual cash flow totals $4,761/yr on $197,071 capital. ROI tracks 22.48% on current figures, and rental yield reads 8.76% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 117.16% and total cumulative return in cash sums $230,890. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,372/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: Lori Ward • Real Broker LLC
Mls Name: MIAMI
Mls ID: #A11935479