3992 NW 87th Ave #3992Fort 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 3992 NW 87th Ave #3992, Fort Lauderdale, FL, 33351 uses $59,339 cash to close to unlock $2,427/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,390/mo, and a $876/mo payment keeps the spread at $202/mo. Purchase price stands at $179,000, and rental yield measures 9.32% with $1,390/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 125.43% and total cumulative return in cash records $74,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,390/mo property income covering a $876/mo payment rather than investor’s personal income.
Condo
Built in 1986
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: Lana Korosteleva • LD Realty Group LLC
Mls Name: MIAMI
Mls ID: #A11913795