7342 Ashmont Circle #203TamaracFL33321
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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 7342 Ashmont Circle #203, Tamarac, FL, 33321 uses $64,974 cash to close to unlock $2,216/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,485/mo, and a $959/mo payment keeps the spread at $185/mo. Purchase price stands at $195,999, and rental yield measures 9.09% with $1,485/mo rent. Return on cash invested shows 23.32% in year one, and 5% annual appreciation builds toward $54,151 over five years. Five-year ROI reaches 121.73% and total cumulative return in cash records $79,092. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,485/mo property income covering a $959/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33321, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,498 (100%) |
| Owner Occupied HU | 17,214 (70.3%) |
| Renter Occupied HU | 5,985 (24.4%) |
| Vacant Housing Units | 1,299 ( 5.3%) |
| Median Home Value | $328,775 |
| Average Home Value | $352,562 |
Housing Distribution
Address Breakdown
Residential
23,229
Single Family
14,300
Multi-Family
8,929
Businesses
763
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