3850 Galt Ocean Dr #407Fort 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 3850 Galt Ocean Dr #407, Fort Lauderdale, FL, 33308 uses $197,071 cash to close to unlock $16,617/yr annual cash flow and $1,385/mo monthly cash flow. Total monthly income runs $5,360/mo, and a $2,932/mo payment keeps the spread at $1,385/mo. Purchase price stands at $599,000, and rental yield measures 10.74% with $5,360/mo rent. Return on cash invested shows 28.49% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 149.43% and total cumulative return in cash records $294,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,360/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Condo
Built in 1969
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: Nancy L Seltzer • S & B Realty
Mls Name: BeachesMLS
Mls ID: #F10523442