551 N Fort Lauderdale Beach Blvd #2201Fort LauderdaleFL33304
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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 551 N Fort Lauderdale Beach Blvd #2201, Fort Lauderdale, FL, 33304 earns from $3,145/mo rent with a $3,035/mo payment. Total monthly income totals $3,145/mo. ROI tracks 14.35% on current figures, and rental yield reads 6.09% at a $620,000 purchase. Equity gained on principal adds $4,001/yr, and 5% annual appreciation supports $171,295 over five years. Five-year ROI reaches 73.63% and total cumulative return in cash sums $150,195. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,145/mo property income instead of your personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33304, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,109 (100%) |
| Owner Occupied HU | 5,379 (35.6%) |
| Renter Occupied HU | 6,993 (46.3%) |
| Vacant Housing Units | 2,737 (18.1%) |
| Median Home Value | $733,600 |
| Average Home Value | $905,136 |
Housing Distribution
Address Breakdown
Residential
12,657
Single Family
4,624
Multi-Family
8,033
Businesses
1,074
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Listed by: Maria Torres Pereira • Compass Florida, LLC
Mls Name: BeachesMLS
Mls ID: #F10537026