610 W Las Olas Blvd #417NFort LauderdaleFL33312
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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 610 W Las Olas Blvd #417N, Fort Lauderdale, FL, 33312 offers a 4.61% rental yield on a $850,000 purchase with $3,268/mo rent. 88% in year one. Equity gained on principal adds $5,485/yr while 5% annual appreciation supports $234,839 over five years. Portfolio math shows five-year ROI at 49.62% and total cumulative return in cash at $138,754. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,268/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33312, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,901 (100%) |
| Owner Occupied HU | 11,493 (52.5%) |
| Renter Occupied HU | 8,606 (39.3%) |
| Vacant Housing Units | 1,802 ( 8.2%) |
| Median Home Value | $496,219 |
| Average Home Value | $602,182 |
Housing Distribution
Address Breakdown
Residential
20,452
Single Family
15,849
Multi-Family
4,603
Businesses
1,991
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Listed by: Joseph Barbagallo • D'Angelo Realty Group LLC
Mls Name: BeachesMLS
Mls ID: #F10550117