4900 Ocean Blvd #802Lauderdale By The SeaFL33308
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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 By The Sea at 4900 Ocean Blvd #802, Lauderdale By The Sea, FL, 33308 uses $227,010 cash to close to unlock $26,931/yr annual cash flow and $2,244/mo monthly cash flow. Total monthly income runs $6,823/mo, and a $3,377/mo payment keeps the spread at $2,244/mo. Purchase price stands at $690,000, and rental yield measures 11.87% with $6,823/mo rent. Return on cash invested shows 31.92% in year one, and 5% annual appreciation builds toward $190,634 over five years. Five-year ROI reaches 167.84% and total cumulative return in cash records $381,020. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,823/mo property income covering a $3,377/mo payment rather than investor’s personal income.
Condo
Built in 1981
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: Freda Lisnow • Better Homes & Gdns RE Fla 1st
Mls Name: BeachesMLS
Mls ID: #F10531973