741 Bayshore Dr #32NFort LauderdaleFL33304
Nearby investment properties with comparable rents
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
Rental property for sale in Fort Lauderdale at 741 Bayshore Dr #32N, Fort Lauderdale, FL, 33304 generates $2,350/mo in rent, after a $2,247/mo payment. Total monthly income is $2,350/mo. Return on cash invested sits at 14.42% in year one, and rental yield is 6.14% on a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 73.98% and total cumulative return in cash sums $112,559. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,350/mo property income rather than buyer’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33304, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,109 (100%) |
| Owner Occupied HU | 5,379 (35.6%) |
| Renter Occupied HU | 6,993 (46.3%) |
| Vacant Housing Units | 2,737 (18.1%) |
| Median Home Value | $733,600 |
| Average Home Value | $905,136 |
Housing Distribution
Address Breakdown
Residential
12,657
Single Family
4,624
Multi-Family
8,033
Businesses
1,074
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric Heyaime • Partner LLC
Mls Name: BeachesMLS
Mls ID: #F10521622