551 N Fort Lauderdale Beach Blvd UNIT R1905 & R1906Fort 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 $5,020/mo, and a $7,968/mo payment. Purchase price stands at $1,628,000, and rental yield measures 3.7% with $5,020/mo rent. Return on cash invested shows -3.52% in year one, and 5% annual appreciation builds toward $449,786 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,020/mo property income covering a $7,968/mo payment rather than investor’s personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
$4,716 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: Rene Raymond • Engel & Voelkers Fort Lauderdale
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10449513
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.