6243 E Bay Dr UNIT 2Fort LauderdaleFL33327
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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 6243 E Bay Dr UNIT 2, Fort Lauderdale, FL, 33327 uses $109,064 cash to close to unlock $2,268/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $2,372/mo, and a $1,610/mo payment keeps the spread at $189/mo. Purchase price stands at $329,000, and rental yield measures 8.65% with $2,372/mo rent. Return on cash invested shows 21.99% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 114.57% and total cumulative return in cash records $124,953. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,372/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33327, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,557 (100%) |
| Owner Occupied HU | 5,310 (81.0%) |
| Renter Occupied HU | 1,096 (16.7%) |
| Vacant Housing Units | 151 ( 2.3%) |
| Median Home Value | $722,506 |
| Average Home Value | $809,775 |
Housing Distribution
Address Breakdown
Residential
6,718
Single Family
6,718
Multi-Family
0
Businesses
166
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Listed by: Liz Blackman Fillhart • Florida Realty
Mls Name: BHHS broker feed
Mls ID: #F10542321