3720 N Pine Island Rd #335Fort LauderdaleFL33351
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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 3720 N Pine Island Rd #335, Fort Lauderdale, FL, 33351 offers a 9.6% rental yield on a $190,000 purchase with $1,520/mo rent. Total monthly income registers $1,520/mo, and a $930/mo payment leaves $259/mo available for distribution. Annual cash flow reaches $3,109/yr on $62,985 to close, and return on cash invested stands at 24.85% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 129.96% and total cumulative return in cash at $81,852. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,520/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33351, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,003 (100%) |
| Owner Occupied HU | 8,001 (53.3%) |
| Renter Occupied HU | 6,211 (41.4%) |
| Vacant Housing Units | 791 ( 5.3%) |
| Median Home Value | $391,599 |
| Average Home Value | $435,789 |
Housing Distribution
Address Breakdown
Residential
14,164
Single Family
9,691
Multi-Family
4,473
Businesses
1,918
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Listed by: Assaf Hizkiya • Listings Center
Mls Name: BeachesMLS
Mls ID: #F10538677