505 NE 2nd St #34FFort 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
Investment property for sale in Fort Lauderdale at 505 NE 2nd St #34F, Fort Lauderdale, FL, 33301 listed at $1,400,000 pairs $4,372/mo rent with a $6,852/mo payment. Total monthly income runs $4,372/mo. Return on cash invested measures 7.36% in year one, and rental yield registers 3.75% at a $1,400,000 basis. Equity gained on principal adds $9,034/yr, and annual property appreciation at 5% supports $386,794 by year five. Five-year ROI tracks 36.04% and total cumulative return in cash totals $163,471. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,372/mo property income relative to a $6,852/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2025
N/A lot
$N/A/sqft
No 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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Listed by: Christopher Cortez • Douglas Elliman
Mls Name: MIAMI
Mls ID: #A11935090