4215 N University Drive #214Fort 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
Rental property for sale in Fort Lauderdale at 4215 N University Drive #214, Fort Lauderdale, FL, 33351 generates $1,405/mo in rent and, after a $881/mo payment, leaves $211/mo in cash flow. Total monthly income is $1,405/mo, and annual cash flow is $2,526/yr on $59,670 invested. Return on cash invested sits at 24.14% in year one, and rental yield is 9.37% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 126.16% and total cumulative return in cash sums $75,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,405/mo property income rather than buyer’s personal income.
Condo
Built in 1982
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: Jalal Uddin Ahmed • CENTURY 21 Tenace Realty
Mls Name: BeachesMLS
Mls ID: #RX-11123522