711 N Pine Island Rd APT 410Fort LauderdaleFL33324
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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
Rental property for sale in Fort Lauderdale at 711 N Pine Island Rd APT 410, Fort Lauderdale, FL, 33324 generates $1,238/mo in rent and, after a $783/mo payment, leaves $177/mo in cash flow. Total monthly income is $1,238/mo, and annual cash flow is $2,118/yr on $53,007 invested. Return on cash invested sits at 23.9% in year one, and rental yield is 9.29% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 124.91% and total cumulative return in cash sums $66,210. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,238/mo property income rather than buyer’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33324, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,031 (100%) |
| Owner Occupied HU | 11,966 (49.8%) |
| Renter Occupied HU | 10,499 (43.7%) |
| Vacant Housing Units | 1,566 ( 6.5%) |
| Median Home Value | $461,489 |
| Average Home Value | $552,528 |
Housing Distribution
Address Breakdown
Residential
23,679
Single Family
13,758
Multi-Family
9,921
Businesses
1,481
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Listed by: Paola Jaramillo • Keller Williams Legacy
Mls Name: MIAMI
Mls ID: #A11880922