505 NE 2nd St #38BFort 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 #38B, Fort Lauderdale, FL, 33301 projects strong ROI of 0.88%. Rental yield 2.7%. With 5% annual appreciation, the property builds $1,160,383 in value over five years. Equity growth combined delivers a projected five-year ROI of 2.47%, translating into $33,550 in total cumulative return on $1,360,800 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
$3,681 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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Listed by: Nir-David Perets • Douglas Elliman
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11936621
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.