551 N Fort Lauderdale Beach Blvd #H1101Fort 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
Total monthly income runs $2,426/mo, and a $2,960/mo payment. Purchase price stands at $604,695, and rental yield measures 4.81% with $2,426/mo rent. Return on cash invested shows -1.5% in year one, and 5% annual appreciation builds toward $167,066 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,426/mo property income covering a $2,960/mo payment rather than investor’s personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
$1,787 monthly 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: Vanessa Gomez • Engel & Vlkers Miami
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11188732
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.