5200 N Ocean Blvd #1503Lauderdale By the SeaFL33308
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 5200 N Ocean Blvd #1503, Lauderdale By the Sea, FL, 33308 in Lauderdale By the Sea is a conservative rental investment at $900,000. Rental yield 7.01%. A 1.30 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $248,653; $8,289/yr in principal paydown supplements. Total projected return: $297,241.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.0% |
| Monthly Cash Flow | $(1,926) | $1,500 |
City averages based on Lauderdale By the Sea market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,261 |
| Total Monthly Debt Service | $5,614 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1971
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1971
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: BeachesMLS
Mls ID: #F10555541