3700 Galt Ocean Dr APT 1603Fort 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 APT 1603, Fort Lauderdale, FL, 33308 uses $134,423 cash to close to unlock $68/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $3,066/mo, and a $1,985/mo payment keeps the spread at $6/mo. Purchase price stands at $405,500, and rental yield measures 9.07% with $3,066/mo rent. Return on cash invested shows 19.96% in year one, and 5% annual appreciation builds toward $112,032 over five years. Five-year ROI reaches 104.89% and total cumulative return in cash records $140,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,066/mo property income covering a $1,985/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$315 monthly 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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