6193 Rock Island Rd APT 216TamaracFL33319
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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 Tamarac at 6193 Rock Island Rd APT 216, Tamarac, FL, 33319 earns $223/mo cash flow from $1,291/mo rent with a $788/mo payment. Total monthly income totals $1,291/mo, and annual cash flow totals $2,671/yr on $53,372 capital. ROI tracks 24.91% on current figures, and rental yield reads 9.62% at a $161,000 purchase. Equity gained on principal adds $1,039/yr, and 5% annual appreciation supports $44,481 over five years. Five-year ROI reaches 130.28% and total cumulative return in cash sums $69,531. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,291/mo property income instead of your personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33319, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,450 (100%) |
| Owner Occupied HU | 14,360 (56.4%) |
| Renter Occupied HU | 7,438 (29.2%) |
| Vacant Housing Units | 3,652 (14.3%) |
| Median Home Value | $302,525 |
| Average Home Value | $390,507 |
Housing Distribution
Address Breakdown
Residential
23,347
Single Family
10,786
Multi-Family
12,561
Businesses
988
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