3700 Galt Ocean Dr #702Fort LauderdaleFL33308
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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 3700 Galt Ocean Dr #702, Fort Lauderdale, FL, 33308 offers a 11.62% rental yield on a $280,000 purchase with $2,711/mo rent. Total monthly income registers $2,711/mo, and a $1,370/mo payment leaves $853/mo available for distribution. Annual cash flow reaches $10,240/yr on $92,820 to close, and return on cash invested stands at 30.94% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 162.62% and total cumulative return in cash at $150,945. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,711/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33308, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,285 (100%) |
| Owner Occupied HU | 11,743 (48.4%) |
| Renter Occupied HU | 5,314 (21.9%) |
| Vacant Housing Units | 7,228 (29.8%) |
| Median Home Value | $710,489 |
| Average Home Value | $814,851 |
Housing Distribution
Address Breakdown
Residential
21,128
Single Family
6,376
Multi-Family
14,752
Businesses
1,456
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Listed by: Justin Bartholomew • S & B Realty
Mls Name: BeachesMLS
Mls ID: #F10529684