424 Hendricks Isle APT 8Fort LauderdaleFL33301
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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 424 Hendricks Isle APT 8, Fort Lauderdale, FL, 33301 priced at $1,100,000 converts $3,969/mo rent into after a $5,384/mo obligation. Total monthly income equals $3,969/mo. Return on cash invested prints 3.57% in year one, and rental yield reads 4.33% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. Five-year ROI reaches 17.78% and total cumulative return in cash sums $63,355. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,969/mo property income covering a $5,384/mo payment, not borrower’s personal income.
Condo
Built in 1979
1,209 sqft lot
$N/A/sqft
$1,032 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33301, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,200 (100%) |
| Owner Occupied HU | 4,658 (27.1%) |
| Renter Occupied HU | 9,032 (52.5%) |
| Vacant Housing Units | 3,510 (20.4%) |
| Median Home Value | $888,968 |
| Average Home Value | $1,108,483 |
Housing Distribution
Address Breakdown
Residential
15,368
Single Family
3,636
Multi-Family
11,732
Businesses
1,279
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