5201 NE 24th Terrace #A201Fort LauderdaleFL33308
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 5201 NE 24th Terrace #A201, Fort Lauderdale, FL, 33308 in Fort Lauderdale is narrow, $86/mo net on $2,218/mo rent after the $1,009/mo debt service, but the property operates at break-even-plus, not a loss. At $224,500 with a 11.85% yield, the long-run equity case via 5% appreciation ($62,025 over five years) and $2,068/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 2.20 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $132,448.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 5.8% |
| Monthly Cash Flow | $86 | $1,850 |
City averages based on Fort Lauderdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,218 |
| Total Monthly Debt Service | $1,400 |
| DSCR Ratio | 1.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1966
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 1966
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: Damien Rispoli • Epique Realty, Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11165929