721 N Pine Island Rd APT 401Fort LauderdaleFL33324
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Nearby investment properties with comparable prices
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 721 N Pine Island Rd APT 401, Fort Lauderdale, FL, 33324 earns $91/mo cash flow from $1,657/mo rent with a $1,155/mo payment. Total monthly income totals $1,657/mo, and annual cash flow totals $1,094/yr on $78,201 capital. ROI tracks 21.31% on current figures, and rental yield reads 8.43% at a $235,900 purchase. Equity gained on principal adds $1,522/yr, and 5% annual appreciation supports $65,175 over five years. Five-year ROI reaches 110.97% and total cumulative return in cash sums $86,783. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,657/mo property income instead of your personal income.
Condo
Built in 1985
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: Gliset Nieves • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #O6334928