3940 NW 42nd Ave APT 316Lauderdale LakesFL33319
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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 Lauderdale Lakes at 3940 NW 42nd Ave APT 316, Lauderdale Lakes, FL, 33319 offers a 10.21% rental yield on a $103,000 purchase with $876/mo rent. Total monthly income registers $876/mo, and a $504/mo payment leaves $50/mo available for distribution. Annual cash flow reaches $598/yr on $34,145 to close, and return on cash invested stands at 21.66% in year one. Equity gained on principal adds $665/yr while 5% annual appreciation supports $28,457 over five years. Portfolio math shows five-year ROI at 114.64% and total cumulative return in cash at $39,142. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $876/mo property income against a $504/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
$40 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33319, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,450 (100%) |
| Owner Occupied HU | 14,360 (56.4%) |
| Renter Occupied HU | 7,438 (29.2%) |
| Vacant Housing Units | 3,652 (14.3%) |
| Median Home Value | $302,525 |
| Average Home Value | $390,507 |
Housing Distribution
Address Breakdown
Residential
23,347
Single Family
10,786
Multi-Family
12,561
Businesses
988
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Listed by: Wenli Brown • United Realty Group Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11488305
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.